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.
Apr 2301:30 AM EDT
-02:30 AM EDT
Struggling with GMAT Verbal as a non-native speaker? Harsh improved his score from 595 to 695 in just 45 days—and scored a 99 %ile in Verbal (V88)! Learn how smart strategy, clarity, and guided prep helped him gain 100 points.
Apr 2308:00 PM PDT
-09:00 PM PDT
Video explanations + diagnosis of 10 weakest areas + 150+ short videos + study plan!
Apr 2212:30 AM EDT
-01:30 AM EDT
At one point, she believed GMAT wasn’t for her. After scoring 595, self-doubt crept in and she questioned her potential. But instead of quitting, she made the right strategic changes. The result? A remarkable comeback to 695. Check out how Saakshi did it.
Apr 2610:00 AM EDT
-11:00 AM EDT
The Target Test Prep course represents a quantum leap forward in GMAT preparation, a radical reinterpretation of the way that students should study. Try before you buy with a 5-day, full-access trial of the course for FREE!
Apr 2711:00 AM EDT
-12:00 PM EDT
Prefer video-based learning? The Target Test Prep OnDemand course is a one-of-a-kind video masterclass featuring 400 hours of lecture-style teaching by Scott Woodbury-Stewart, founder of Target Test Prep and one of the most accomplished GMAT instructors
Apr 2808:00 AM PDT
-11:00 AM PDT
Whether you are just beginning your MBA journey or fine-tuning your path to a 700+ score, GMAT Day is designed to give you a competitive edge.
25 Mar 2020, 02:13
Kudos
Bookmarks
E
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
55%
(hard)
Question Stats:
57% (01:20) correct
43%
(01:08)
wrong
based on 275
sessions
History
Date
Time
Result
Not Attempted Yet
Michael's broker sends Michael a margin call if the equity balance in his account falls below $25,000 at the close of any trading day during a 30 day time period. Did the broker send Michael a margin call sometime in the last 30 days?
(1) Michael's trading account balanced declined by $250,000 during the 30 day period.
(2) At the beginning of the month, Michael's trading account balance was $125,000.
Are You Up For the Challenge: 700 Level Questions
(1) Michael's trading account balanced declined by $250,000 during the 30 day period.
(2) At the beginning of the month, Michael's trading account balance was $125,000.
Are You Up For the Challenge: 700 Level Questions
25 Mar 2020, 02:21
Kudos
Bookmarks
Bunuel
Given: Michael's broker sends Michael a margin call if the equity balance in his account falls below $25,000 at the close of any trading day during a 30 day time period.
Asked: Did the broker send Michael a margin call sometime in the last 30 days?
(1) Michael's trading account balanced declined by $250,000 during the 30 day period.
It is not known what was the account balance which declined $250,000 during the 30 day period.
NOT SUFFICIENT
(2) At the beginning of the month, Michael's trading account balance was $125,000.
Since it is unknown by what amount this balance declined.
NOT SUFFICIENT
(1) + (2)
(1) Michael's trading account balanced declined by $250,000 during the 30 day period.
(2) At the beginning of the month, Michael's trading account balance was $125,000.
Since it is unknown what was the maximum balance when trading account balanced declined by $250,000 during the 30 day period.
NOT SUFFICIENT
IMO E
13 Nov 2025, 04:17
Kudos
Bookmarks
Can you help me figure out why the answer was E and not C?
My reasoning: While statements are insufficient individually, when I combine them, I reasoned that
1. Balance started at = 125k on day 1
2. balance ended at = -125k on day 30
3. hence, the balance *must* have dipped below 25k at SOME point.
4. hence margin call would've been sent, (even if he'd lost it all on day 30, the broken would've sent the margin call at end of day 30)
5. hence both statements are sufficient
My reasoning: While statements are insufficient individually, when I combine them, I reasoned that
1. Balance started at = 125k on day 1
2. balance ended at = -125k on day 30
3. hence, the balance *must* have dipped below 25k at SOME point.
4. hence margin call would've been sent, (even if he'd lost it all on day 30, the broken would've sent the margin call at end of day 30)
5. hence both statements are sufficient
