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23 Apr 2018, 21:42
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C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
5%
(low)
Question Stats:
91% (00:45) correct
9%
(00:52)
wrong
based on 87
sessions
History
Date
Time
Result
Not Attempted Yet
In a certain stock fund, 50 percent of the funds is invested in stocks from U.S. companies. What is the total value of the stock fund?
(1) Of the funds invested in U.S. companies, 12.5 percent are invested in Texas companies.
(2) The fund has 20 million dollars invested in Texas companies.
(1) Of the funds invested in U.S. companies, 12.5 percent are invested in Texas companies.
(2) The fund has 20 million dollars invested in Texas companies.
23 Apr 2018, 23:42
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Solution
Given:
• In a certain stock, 50% of the funds is invested in stocks from US companies
To find:
• Total value of the stock fund
Approach and Working:
Analysing Statement 1
• As per the information given in Statement 1, of the total funds invested in US companies, 12.5% are invested in Texas Companies.
- o This Statement only says that out of the 50% invested from US companies, Texas Companies account for 12.5% of that 50% investment
- o It does not provide any information about the total investment either from the US companies or from the Texas Companies
• Hence, Statement 1 alone is not sufficient
Analysing Statement 2
• As per the information given in Statement 2, the fund has invested 20 million dollars in Texas Companies
- o This Statement does not provide any additional information about the share of Texas Companies in total US investment
• Hence, Statement 2 alone is not sufficient
Combine both statements
Combining the information given in the statements, we can say that:
• Of the total funds invested in US companies, 12.5% are invested in Texas Companies – which is equal to 20 million.
• Thus, 12.5% of 50% of total value of the stock fund= 20 million
- o Therefore, we can get the answer by combining both the statements
Answer: C
09 May 2018, 19:37
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Neither of statements alone give required info
I) not giving info about amount invested
Insufficient
II)don't know about Texas companies in question,only amount does not give all info
Insufficient
Combining both we get
12.5 percent of Texas companies corresponds to 20 million
So 50 percent = 12.5*4 i.e.
20 million *4=80 million
Posted from my mobile device
I) not giving info about amount invested
Insufficient
II)don't know about Texas companies in question,only amount does not give all info
Insufficient
Combining both we get
12.5 percent of Texas companies corresponds to 20 million
So 50 percent = 12.5*4 i.e.
20 million *4=80 million
Posted from my mobile device
