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12 Mar 2025, 00:30
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A
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Difficulty:
35%
(medium)
Question Stats:
67% (01:35) correct
33%
(01:23)
wrong
based on 61
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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.
(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.
12 Mar 2025, 00:40
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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
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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
