Events & Promotions
|
|
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Sep 2107:00 PM EDT
-10:00 PM EDT
Boost your GMAT score in less than one month in a live online class + 6 months access to TTP OnDemand video courses included!
Sep 1810:00 AM IST
-11:00 PM IST
Start your journey with a fully customized action plan and work with a dedicated mentor to achieve a 735+ score.
Sep 2601:00 PM EDT
-04:00 PM EDT
Top scores are possible when you enroll in a powerful GMAT course, taught live online + 6 months access to TTP OnDemand video courses included. Class starts Saturdays Sept. 26, 2026 - Dec. 19, 2026, 1:00pm-4:00pm ES
12 Mar 2025, 00:30
Kudos
Bookmarks
A
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
35%
(medium)
Question Stats:
71% (01:32) correct
29%
(01:38)
wrong
based on 133
sessions
History
Date
Time
Result
Not Attempted Yet
If the total price of n equally priced bonds was $15,000, what was the price of one bond?
(1) If the price of each bond had been $2 more, the total price of the n bonds would have been $40,000.
(2) If the price of each bond was doubled, the total price of n bonds would be $30,000.
(A) Statement 1 alone is sufficient, but statement 2 alone is not.
(B) Statement 2 alone is sufficient, but statement 1 alone is not.
(C) Both statements together are sufficient, but neither alone is sufficient.
(D) Each statement alone is sufficient.
(E) Neither statement is sufficient, even when combined.
(1) If the price of each bond had been $2 more, the total price of the n bonds would have been $40,000.
(2) If the price of each bond was doubled, the total price of n bonds would be $30,000.
(A) Statement 1 alone is sufficient, but statement 2 alone is not.
(B) Statement 2 alone is sufficient, but statement 1 alone is not.
(C) Both statements together are sufficient, but neither alone is sufficient.
(D) Each statement alone is sufficient.
(E) Neither statement is sufficient, even when combined.
12 Mar 2025, 00:40
Kudos
Bookmarks
Number of bonds = n
Let x be the price of 1 bond
nx = 15000 - (1)
x = 15000/n
We need the value of n to solve for x
Statement 1
(x+2)n = 40000
nx+2n = 40000
From eqn 1, we have nx = 15000
15000 + 2n = 40000
2n = 25000
n = 12500
Sufficient
Statement 2
2nx = 30000
nx = 15000
This is same as eqn 1, no new information has been provided
Insufficient
Answer A
Let x be the price of 1 bond
nx = 15000 - (1)
x = 15000/n
We need the value of n to solve for x
Statement 1
(x+2)n = 40000
nx+2n = 40000
From eqn 1, we have nx = 15000
15000 + 2n = 40000
2n = 25000
n = 12500
Sufficient
Statement 2
2nx = 30000
nx = 15000
This is same as eqn 1, no new information has been provided
Insufficient
Answer A
Bunuel
12 Mar 2025, 08:40
Kudos
Bookmarks
Given: Quantity*Price=15000
nx=15000
Find: x
(1) If the price of each bond had been $2 more, the total price of the n bonds would have been $40,000.
n(x+2)=40,000
Also, nx=15000
Sufficient
(2) If the price of each bond was doubled, the total price of n bonds would be $30,000
n(2x)=30,000
nx=15,000
Equation is same as given, so INSUFFICIENT
Answer: A
nx=15000
Find: x
(1) If the price of each bond had been $2 more, the total price of the n bonds would have been $40,000.
n(x+2)=40,000
Also, nx=15000
Sufficient
(2) If the price of each bond was doubled, the total price of n bonds would be $30,000
n(2x)=30,000
nx=15,000
Equation is same as given, so INSUFFICIENT
Answer: A
