Last visit was: 24 Apr 2026, 19:35 It is currently 24 Apr 2026, 19:35
Home
Messages
Tests
Schools
Events
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.
Go to My Error Log Learn more
Close
Request Expert Reply
Confirm Cancel
avatar
albany09
avatar
Joined: 03 Oct 2008
Last visit: 08 Oct 2008
Posts: 45
Own Kudos:
205
Posts: 45
Kudos: 205
Of the mutual funds on a select list, 1/3 have 5-star 06 Oct 2008, 07:38
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Of the mutual funds on a “select list,” 1/3 have 5-star ratings, and 2/5 of the remaining funds have 4-star ratings. If the remaining 300 funds on the list have 3-star ratings, how many funds are on the list?

A. 500
B. 750
C. 1,000
D. 1,200
E. 1,500



Archived Topic
Hi there,
This topic has been closed and archived due to inactivity or violation of community quality standards. No more replies are possible here.
Where to now? Join ongoing discussions on thousands of quality questions in our Quantitative Questions Forum
Still interested in this question? Check out the "Best Topics" block below for a better discussion on this exact question, as well as several more related questions.
Thank you for understanding, and happy exploring!
User avatar
yezz
User avatar
Retired Moderator
Joined: 05 Jul 2006
Last visit: 26 Apr 2022
Posts: 830
Own Kudos:
1,687
Given Kudos: 49
Posts: 830
Kudos: 1,687
Of the mutual funds on a select list, 1/3 have 5-star 06 Oct 2008, 07:51
Kudos
Add Kudos
Bookmarks
Bookmark this Post
albany09
Of the mutual funds on a “select list,” 1/3 have 5-star ratings, and 2/5 of the remaining funds have 4-star ratings. If the remaining 300 funds on the list have 3-star ratings, how many funds are on the list?

A. 500
B. 750
C. 1,000
D. 1,200
E. 1,500
Show more

5/15+6/15 = 11/15

300 = 3/15x thus x = 1500
User avatar
scthakur
User avatar
Joined: 17 Jun 2008
Last visit: 30 Jul 2009
Posts: 608
Own Kudos:
453
Posts: 608
Kudos: 453
Of the mutual funds on a select list, 1/3 have 5-star 07 Oct 2008, 00:15
Kudos
Add Kudos
Bookmarks
Bookmark this Post
750.

If x is total number of funds then x/3 is the number for 5 star, (2x/3)*2/5 is the number for 4 star.

Total of 5 and 4 start = x/3 + 4x/15 = 9x/15 = 3x/5

Remaining is 2x/5 = 300 and hence, x = 750.
User avatar
JohnLewis1980
User avatar
Joined: 21 Apr 2008
Last visit: 04 Nov 2010
Posts: 285
Own Kudos:
104
Given Kudos: 13
Concentration: Industrial Sector
Schools:Kellogg, MIT, Michigan, Berkeley, Marshall, Mellon
Posts: 285
Kudos: 104
Of the mutual funds on a select list, 1/3 have 5-star 07 Oct 2008, 01:57
Kudos
Add Kudos
Bookmarks
Bookmark this Post
My two cents:

300=(2/3)*(3/5)*Total

Total=750

B

Which is the OA?

Cheers
User avatar
ritula
User avatar
Joined: 18 May 2008
Last visit: 12 Apr 2011
Posts: 694
Own Kudos:
3,210
Posts: 694
Kudos: 3,210
Of the mutual funds on a select list, 1/3 have 5-star 07 Oct 2008, 02:23
Kudos
Add Kudos
Bookmarks
Bookmark this Post
yes I m also getting B as answer
User avatar
kbulse
User avatar
Joined: 01 Jan 2008
Last visit: 22 Jan 2014
Posts: 138
Own Kudos:
119
Given Kudos: 2
Concentration: Finance, entrepreneurship
Schools:Booth, Stern, Haas
Posts: 138
Kudos: 119
Of the mutual funds on a select list, 1/3 have 5-star 07 Oct 2008, 02:39
Kudos
Add Kudos
Bookmarks
Bookmark this Post
I got 1125, can someone show solution of this problem?
User avatar
kbulse
User avatar
Joined: 01 Jan 2008
Last visit: 22 Jan 2014
Posts: 138
Own Kudos:
119
Given Kudos: 2
Concentration: Finance, entrepreneurship
Schools:Booth, Stern, Haas
Posts: 138
Kudos: 119
Of the mutual funds on a select list, 1/3 have 5-star 07 Oct 2008, 03:22
Kudos
Add Kudos
Bookmarks
Bookmark this Post
yezz
albany09
Of the mutual funds on a “select list,” 1/3 have 5-star ratings, and 2/5 of the remaining funds have 4-star ratings. If the remaining 300 funds on the list have 3-star ratings, how many funds are on the list?

A. 500
B. 750
C. 1,000
D. 1,200
E. 1,500

5/15+6/15 = 11/15

300 = 3/15x thus x = 1500
Show more


Shouldn't it be 4/15? Then x is 1125
User avatar
scthakur
User avatar
Joined: 17 Jun 2008
Last visit: 30 Jul 2009
Posts: 608
Own Kudos:
453
Posts: 608
Kudos: 453
Of the mutual funds on a select list, 1/3 have 5-star 07 Oct 2008, 03:29
Kudos
Add Kudos
Bookmarks
Bookmark this Post
kazakhb
I got 1125, can someone show solution of this problem?
Show more

My post has the steps.
User avatar
kbulse
User avatar
Joined: 01 Jan 2008
Last visit: 22 Jan 2014
Posts: 138
Own Kudos:
119
Given Kudos: 2
Concentration: Finance, entrepreneurship
Schools:Booth, Stern, Haas
Posts: 138
Kudos: 119
Of the mutual funds on a select list, 1/3 have 5-star 07 Oct 2008, 03:40
Kudos
Add Kudos
Bookmarks
Bookmark this Post
scthakur
kazakhb
I got 1125, can someone show solution of this problem?

My post has the steps.
Show more
in your steps you make an assumption that 4star funds are two times 5star funds, but it is not given. is it?
User avatar
scthakur
User avatar
Joined: 17 Jun 2008
Last visit: 30 Jul 2009
Posts: 608
Own Kudos:
453
Posts: 608
Kudos: 453
Of the mutual funds on a select list, 1/3 have 5-star 08 Oct 2008, 01:50
Kudos
Add Kudos
Bookmarks
Bookmark this Post
kazakhb
scthakur
kazakhb
I got 1125, can someone show solution of this problem?

My post has the steps.
in your steps you make an assumption that 4star funds are two times 5star funds, but it is not given. is it?
Show more

No. Let us begin all over again.

If x is total number of funds then x/3 is the number for 5 star. Remaining is (x-x/3) = 2x/3.

numer of 4 start funds is 2/5 of the remaining 2x/5 and hence (2x/3)*2/5 is the number for 4 star.

Hope, this clarifies.
User avatar
vivektripathi
User avatar
Joined: 05 Jun 2008
Last visit: 14 Aug 2010
Posts: 194
Own Kudos:
1,289
Posts: 194
Kudos: 1,289
Of the mutual funds on a select list, 1/3 have 5-star 08 Oct 2008, 02:00
Kudos
Add Kudos
Bookmarks
Bookmark this Post
albany09
Of the mutual funds on a “select list,” 1/3 have 5-star ratings, and 2/5 of the remaining funds have 4-star ratings. If the remaining 300 funds on the list have 3-star ratings, how many funds are on the list?

A. 500
B. 750
C. 1,000
D. 1,200
E. 1,500
Show more

Let X are the total funds, then (1/3)x + (2/3)*(2/5)*x are the 5-star and 4-star funds

x- (1/3)x + (2/3)*(2/5)*x = 300

(9/15) X = 300 and X = 750
ans is "B"
User avatar
Greenberg
User avatar
Joined: 27 Sep 2008
Last visit: 10 Jul 2009
Posts: 32
Own Kudos:
42
Posts: 32
Kudos: 42
Of the mutual funds on a select list, 1/3 have 5-star 08 Oct 2008, 02:08
Kudos
Add Kudos
Bookmarks
Bookmark this Post
vivektripathi
albany09
Of the mutual funds on a “select list,” 1/3 have 5-star ratings, and 2/5 of the remaining funds have 4-star ratings. If the remaining 300 funds on the list have 3-star ratings, how many funds are on the list?

A. 500
B. 750
C. 1,000
D. 1,200
E. 1,500

Let X are the total funds, then (1/3)x + (2/3)*(2/5)*x are the 5-star and 4-star funds

x- (1/3)x + (2/3)*(2/5)*x = 300

(9/15) X = 300 and X = 750
ans is "B"
Show more

Same answer here (B) for me ! only 2/3*3/5 = 300/x and x=750

:)



Archived Topic
Hi there,
This topic has been closed and archived due to inactivity or violation of community quality standards. No more replies are possible here.
Where to now? Join ongoing discussions on thousands of quality questions in our Quantitative Questions Forum
Still interested in this question? Check out the "Best Topics" block above for a better discussion on this exact question, as well as several more related questions.
Thank you for understanding, and happy exploring!