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09 Feb 2015, 06:31
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C
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Difficulty:
5%
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Question Stats:
86% (01:04) correct
14%
(01:13)
wrong
based on 120
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An estate of $216,000 is divided equally among p people who must each pay the lawyer d percent of their share. What is the value of d?
(1) p = 4
(2) The lawyer will receive $270 from each of the p people.
Kudos for a correct solution.
(1) p = 4
(2) The lawyer will receive $270 from each of the p people.
Kudos for a correct solution.
10 Feb 2015, 06:39
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(1) p = 4 [Insufficient] This tells us that each share was $54,000, but any percentage of that share could have been paid to the lawyer.
(2) The lawyer will receive $270 from each of the p people. [Insufficient] Without knowing how many people there are, we cannot determine how large each share is. We do not know what percentage of each share $270 represents.
Taking both statements together, we can find that \($270 / $54,000 = 0.5%\) of each share. The correct answer is C.
(2) The lawyer will receive $270 from each of the p people. [Insufficient] Without knowing how many people there are, we cannot determine how large each share is. We do not know what percentage of each share $270 represents.
Taking both statements together, we can find that \($270 / $54,000 = 0.5%\) of each share. The correct answer is C.
10 Feb 2015, 12:52
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Quote:
An estate of $216,000 is divided equally among p people who must each pay the lawyer d percent of their share. What is the value of d?
(1) p = 4
(2) The lawyer will receive $270 from each of the p people.
(1) p = 4
(2) The lawyer will receive $270 from each of the p people.
We are asked for the VALUE of d. Since d is a percent, we need the WHOLE and the PART.
(1) -> gives us the WHOLE, but not the PART. 216000$/4->54k$ -> Insuff
(2) -> gives us the PART, but not the WHOLE.
together we have the whole and the part -> 270/54000 -> we get d
So its C
