adarsh12345 wrote:
Three business partners owned 100% of a certain company. When they sold the company, one partner received exactly 5/8 of the proceeds of the sale and the other partners shared the remainder of the proceeds. How much money did the partner who received the smallest amount of the proceeds receive from the sale?
(1) The partner who received the smallest amount from the sale received exactly 1/5 the amount received by the partner who received the second largest amount.
(2) The partner who received the second largest amount from the sale received half of the two million dollars received by the partner who received the largest amount.
I almost got in the process to solve the problem..but later realized that it is a DS question...
1st one received 5x/8
other two - 3x/8.
1 - nothing about any dollar amount - insufficient.
2 - ok, so first one received 2 mln (that is 5x/8), second one received 1 mln.
knowing 5x/8 - we can find x. (3,200,000).
first one received 2 mln, second one 1 mln, last one 200k.
sufficient.