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

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

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24 Oct 2018, 00:45
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Difficulty:

15% (low)

Question Stats:

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

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Re: At the beginning of the year, Steve bought a total of x shares of stoc   [#permalink] 24 Oct 2018, 19:15
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