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kpali
Joined: 22 May 2013
Last visit: 20 Dec 2014
Posts: 35
Given Kudos: 10
Concentration: General Management, Technology
Schools: Tippie '16 Sloan '16 Tepper '16 Duke '16
GPA: 3.9
WE:Information Technology (Computer Software)
C
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Jessica has a limited investment portfolio of stocks and bonds. If she sells half her stocks, how many stocks and bonds will she be left with?
(1) If she were to buy six more stocks, she would have twice as many stocks as bonds
(2) If she were to triple the number of her bonds, she would have three less than twice the number of her stocks.
(1) If she were to buy six more stocks, she would have twice as many stocks as bonds
(2) If she were to triple the number of her bonds, she would have three less than twice the number of her stocks.
kpali
Joined: 22 May 2013
Last visit: 20 Dec 2014
Posts: 35
Own Kudos:
Given Kudos: 10
Concentration: General Management, Technology
Schools: Tippie '16 Sloan '16 Tepper '16 Duke '16
GPA: 3.9
WE:Information Technology (Computer Software)
02 Jun 2013, 07:13
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Well, i got myself stuck with the wording of the first statement, the part where it says "she would have twice as many stocks as bonds"
Can someone please help me formulate the equation?
Can someone please help me formulate the equation?
02 Jun 2013, 07:23
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Jessica has a limited investment portfolio of stocks and bonds. If she sells half her stocks, how many stocks and bonds will she be left with?
Question: S/2 + B = ?
(1) If she were to buy six more stocks, she would have twice as many stocks as bonds --> (S + 6) = 2B. Not sufficient.
(2) If she were to triple the number of her bonds, she would have three less than twice the number of her stocks --> 3B = 2S - 3. Not sufficient.
(1)+(2) We have two linear equations ((S + 6) = 2B and 3B = 2S - 3) with two unknowns, thus we can solve and get the value of S/2 + B. Sufficient.
Answer: C.
Hope it's clear.
Question: S/2 + B = ?
(1) If she were to buy six more stocks, she would have twice as many stocks as bonds --> (S + 6) = 2B. Not sufficient.
(2) If she were to triple the number of her bonds, she would have three less than twice the number of her stocks --> 3B = 2S - 3. Not sufficient.
(1)+(2) We have two linear equations ((S + 6) = 2B and 3B = 2S - 3) with two unknowns, thus we can solve and get the value of S/2 + B. Sufficient.
Answer: C.
Hope it's clear.
