GMAT Question of the Day - Daily to your Mailbox; hard ones only

It is currently 14 Nov 2019, 15:06

Close

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

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Confirm Cancel

In 1979 Mr. Jackson bought a total of n shares of stock X and Mrs. Jac

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

Find Similar Topics 
Math Expert
User avatar
V
Joined: 02 Sep 2009
Posts: 59039
In 1979 Mr. Jackson bought a total of n shares of stock X and Mrs. Jac  [#permalink]

Show Tags

New post 03 Oct 2018, 03:32
00:00
A
B
C
D
E

Difficulty:

  25% (medium)

Question Stats:

75% (01:22) correct 25% (01:48) wrong based on 130 sessions

HideShow timer Statistics

In 1979 Mr. Jackson bought a total of n shares of stock X and Mrs. Jackson bought a total of 300 shares of stock X . If the couple held all of the respective shares throughout 1980, and Mr. Jackson's 1980 dividends on his n shares totaled $150, what was the total amount of Mrs. Jackson's 1980 dividends on her 300 shares?

(1) In 1980 the annual dividend on each share of stock X was $0.75.
(2) In 1979 Mr. Jackson bought a total of 200 shares of stock X.

_________________
Math Expert
avatar
V
Joined: 02 Aug 2009
Posts: 8164
Re: In 1979 Mr. Jackson bought a total of n shares of stock X and Mrs. Jac  [#permalink]

Show Tags

New post 03 Oct 2018, 03:48
In 1979 Mr. Jackson bought a total of n shares of stock X and Mrs. Jackson bought a total of 300 shares of stock X . If the couple held all of the respective shares throughout 1980, and Mr. Jackson's 1980 dividends on his n shares totaled $150, what was the total amount of Mrs. Jackson's 1980 dividends on her 300 shares?

Let the dividend per share be x, so
n*x=150 and 300*x is what we are looking for
So any value of n or x will give us our answer...

(1) In 1980 the annual dividend on each share of stock X was $0.75.
n*0.75=150.....
Ans is straight 300*0.75=225

(2) In 1979 Mr. Jackson bought a total of 200 shares of stock X.
200*x=150......x=150/200=3/4
Ans is 300*3/4=225

D
_________________
GMAT Club Bot
Re: In 1979 Mr. Jackson bought a total of n shares of stock X and Mrs. Jac   [#permalink] 03 Oct 2018, 03:48
Display posts from previous: Sort by

In 1979 Mr. Jackson bought a total of n shares of stock X and Mrs. Jac

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  





Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne