GMAT Question of the Day - Daily to your Mailbox; hard ones only

It is currently 18 Jun 2019, 06:01

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Confirm Cancel

At the beginning of the year, Steve bought a total of x shares of stoc

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

 
Math Expert
User avatar
V
Joined: 02 Sep 2009
Posts: 55668
At the beginning of the year, Steve bought a total of x shares of stoc  [#permalink]

Show Tags

New post 24 Oct 2018, 00:45
00:00
A
B
C
D
E

Difficulty:

  15% (low)

Question Stats:

91% (01:14) correct 9% (01:01) wrong based on 37 sessions

HideShow timer Statistics

At the beginning of the year, Steve bought a total of x shares of stock P and David bought a total of 200 shares of stock P. If they held all of their respective shares throughout the year, and Steve’s dividends on his x shares totaled $225 in that year, what was David’s total dividend on his 200 shares in that year?

(1) In that year, the annual dividend on each share of stock P was $1.25.
(2) In that year, Steve bought a total of 180 shares of stock P.

_________________
RC Moderator
User avatar
V
Joined: 24 Aug 2016
Posts: 804
Location: Canada
Concentration: Entrepreneurship, Operations
GMAT 1: 630 Q48 V28
GMAT 2: 540 Q49 V16
GMAT ToolKit User Premium Member Reviews Badge CAT Tests
Re: At the beginning of the year, Steve bought a total of x shares of stoc  [#permalink]

Show Tags

New post 24 Oct 2018, 10:42
Steve bought a total of x shares of stock P and David bought a total of 200 shares of stock P. If they held all of their respective shares throughout the year, and Steve’s dividends on his x shares totaled $225 in that year, what was David’s total dividend on his 200 shares in that year?

(1) In that year, the annual dividend on each share of stock P was $1.25.-------------------Suff
As dividend per share is 1.25, Davids total Dividend on 200 share is 1.25*200=250.

(2) In that year, Steve bought a total of 180 shares of stock P. -------------------Suff
Hence dividend per share is 225/180=1.25. Hence,Davids total Dividend on 200 share is 1.25*200=250.

Thus Ans D
_________________
Please let me know if I am going in wrong direction.
Thanks in appreciation.
Senior Manager
Senior Manager
User avatar
P
Joined: 07 Jul 2012
Posts: 373
Location: India
Concentration: Finance, Accounting
GPA: 3.5
Premium Member
Re: At the beginning of the year, Steve bought a total of x shares of stoc  [#permalink]

Show Tags

New post 24 Oct 2018, 19:15
Steve bought= x Shares
David...........= 200 Shares

Dividend earned by Steve= $225
................................David= ?

(1) Dividend per Share= $1.25

So Total Dividend earned by David on 200 Shares= 200*$1.25= $250 [Suff]

(2) No of Shares bought by Steve= 180
Dividend earned by Steve= $225

Dividend per Share= \(\frac{$225}{$180}\)= $1.25

So Total Dividend earned by David on 200 Shares= 200*$1.25= $250 [Suff]

Answer: D.
_________________
Kindly hit kudos if my post helps!
GMAT Club Bot
Re: At the beginning of the year, Steve bought a total of x shares of stoc   [#permalink] 24 Oct 2018, 19:15
Display posts from previous: Sort by

At the beginning of the year, Steve bought a total of x shares of stoc

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  


Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne