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If the only stocks that an investor owns are 75 shares of

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Intern
Joined: 03 Nov 2011
Posts: 8
Location: United States
If the only stocks that an investor owns are 75 shares of [#permalink]

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18 Apr 2012, 10:04
00:00

Difficulty:

35% (medium)

Question Stats:

61% (01:40) correct 39% (00:31) wrong based on 43 sessions

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If the only stocks that an investor owns are 75 shares of stock A and 100 shares of stock B, what is the total dollar value of his stocks?

(1) The total value of 3 shares of stock A and 4 shares of stock B is $160. (2) The value of each share of stock A is twice the value of each share of stock B . OA to follow after some discussion. I know this question is easy, however I am not convienced with the OA and need to discuss with the group. Thanks, [Reveal] Spoiler: OA Last edited by Bunuel on 18 Apr 2012, 11:02, edited 1 time in total. Added the OA Math Expert Joined: 02 Sep 2009 Posts: 39622 Re: If the only stocks that an investor owns are 75 shares....DS [#permalink] Show Tags 18 Apr 2012, 11:01 If the only stocks that an investor owns are 75 shares of stock A and 100 shares of stock B , what is the total dollar value of his stocks? Question: 75A+100B=25(3A+4B)=? Where A and B are the prices of the stock A and stock B receptively. As you can see, basically we should find the value of 3A+4B. (1) The total value of 3 shares of stock A and 4 shares of stock B is$160 --> 3A+4B=\$160. Sufficient.

(2) The value of each share of stock A is twice the value of each share of stock B --> A=2B --> 3A+4B=10B, we need the value of either A or B. not sufficient.

P.S. You should always indicate OA if you have it.
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Re: If the only stocks that an investor owns are 75 shares of [#permalink]

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23 Apr 2012, 10:24
oo I rushed it, I thought it was C. If the ratio in given in A didnt match the question then it would have been C then.
Re: If the only stocks that an investor owns are 75 shares of   [#permalink] 23 Apr 2012, 10:24
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