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

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At the beginning of the year, Steve bought a total of x shares of stoc  [#permalink]

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New post 23 Oct 2018, 23:45
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Question Stats:

85% (01:11) correct 15% (00:55) wrong based on 33 sessions

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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.

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Re: At the beginning of the year, Steve bought a total of x shares of stoc  [#permalink]

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New post 24 Oct 2018, 09:42
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
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Re: At the beginning of the year, Steve bought a total of x shares of stoc  [#permalink]

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New post 24 Oct 2018, 18:15
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.
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Re: At the beginning of the year, Steve bought a total of x shares of stoc &nbs [#permalink] 24 Oct 2018, 18:15
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At the beginning of the year, Steve bought a total of x shares of stoc

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