Check GMAT Club Decision Tracker for the Latest School Decision Releases https://gmatclub.com/AppTrack

 It is currently 24 May 2017, 16:44

### 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

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

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# What is the total value of Company H's stock?

Author Message
TAGS:

### Hide Tags

Intern
Joined: 21 Aug 2011
Posts: 23
Followers: 0

Kudos [?]: 15 [0], given: 0

What is the total value of Company H's stock? [#permalink]

### Show Tags

24 Aug 2011, 00:48
1
This post was
BOOKMARKED
00:00

Difficulty:

5% (low)

Question Stats:

76% (01:17) correct 24% (00:12) wrong based on 144 sessions

### HideShow timer Statistics

What is the total value of Company H's stock?

(1) Investor P owns 1/4 of the shares of company H's total stock
(2) The total value of Investor Q's shares of Company H's stock is $16,000 My answer is [Reveal] Spoiler: C [Reveal] Spoiler: OA Manager Joined: 14 Mar 2011 Posts: 203 Followers: 6 Kudos [?]: 122 [0], given: 21 Re: A difficult math pro. [#permalink] ### Show Tags 24 Aug 2011, 01:40 Jasonammex wrote: What is the total value of Company H's stock? (1) Investor P owns 1/4 of the shares of company H's total stock (2) The total value of Investor Q's shares of Company H's stock is$16,000

statement is insufficient. just don't know absolute value of stocks owned by investor P

statement 2 is insufficient too. we don't know what is % of stocks are owned by investor q.

statement 1 and 2 combined too are insufficient. we only that p owns 1/4th of stock. from that can we assume that q owns remaining 3/4th ? No there can be other investors xyz........so we don't know how much part of stocks are owned by q nor do we know what is value of stocks owned by investor P. both statements are insufficient even when combined.

Intern
Joined: 21 Aug 2011
Posts: 23
Followers: 0

Kudos [?]: 15 [0], given: 0

Re: A difficult math pro. [#permalink]

### Show Tags

24 Aug 2011, 17:50
I think this is somewhat testing my investment knowledge... I thought either investor P or invester Q share the stock of total stock H...

My thought is too simple.

Aj85 wrote:
Jasonammex wrote:
What is the total value of Company H's stock?

(1) Investor P owns 1/4 of the shares of company H's total stock
(2) The total value of Investor Q's shares of Company H's stock is $16,000 My answer is C~~ statement is insufficient. just don't know absolute value of stocks owned by investor P statement 2 is insufficient too. we don't know what is % of stocks are owned by investor q. statement 1 and 2 combined too are insufficient. we only that p owns 1/4th of stock. from that can we assume that q owns remaining 3/4th ? No there can be other investors xyz........so we don't know how much part of stocks are owned by q nor do we know what is value of stocks owned by investor P. both statements are insufficient even when combined. so answer E. Manager Joined: 14 Jun 2011 Posts: 85 Followers: 2 Kudos [?]: 35 [0], given: 15 Re: What is the total value of Company H's stock? (1) Investor P [#permalink] ### Show Tags 29 Aug 2013, 11:49 Both statements are not sufficient because we cannot assume that only P and Q are the investors of the company H. Am i correct? _________________ Kudos always encourages me GMAT Club Legend Joined: 09 Sep 2013 Posts: 15431 Followers: 649 Kudos [?]: 207 [0], given: 0 Re: What is the total value of Company H's stock? [#permalink] ### Show Tags 03 Jan 2015, 21:09 Hello from the GMAT Club BumpBot! Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos). Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email. _________________ EMPOWERgmat Instructor Status: GMAT Assassin/Co-Founder Affiliations: EMPOWERgmat Joined: 19 Dec 2014 Posts: 9109 Location: United States (CA) GMAT 1: 800 Q51 V49 GRE 1: 340 Q170 V170 Followers: 440 Kudos [?]: 2861 [0], given: 169 Re: What is the total value of Company H's stock? [#permalink] ### Show Tags 05 Jan 2015, 21:25 Hi All, In DS questions, you have to be very clear on the information you've been given (what do you KNOW for sure vs. what are the possibilities). In this prompt, we have a serious lack of information. We're asked for the total value of Company H's stock, but we're given no information to start off with. Fact 1: Investor P owns 1/4 of the shares. This tells us nothing about the value of those shares, nor does it tell us how many people own the remaining 3/4 of the shares, so there's no way to determine the total value of the stock. Fact 1 is INSUFFICIENT. Fact 2: The value of Investor Q's shares of Company H's stock is$16,000.

This doesn't tell us what fraction of the total shares are owned by Investor Q, so there's no way to determine the total value of the stock.
Fact 2 is INSUFFICIENT.

Combined, we know...
Investor P owns 1/4 of the shares.
Investor Q owns an unknown fraction of the shares, which are valued at $16,000 Since we don't know if Investor Q owns 3/4 of the shares or less than 3/4 of the shares (there MIGHT be other investors), there's no way to use the value of the shares that he does own to figure out the total value of the stock. Combined, INSUFFICIENT. Final Answer: [Reveal] Spoiler: E GMAT assassins aren't born, they're made, Rich _________________ 760+: Learn What GMAT Assassins Do to Score at the Highest Levels Contact Rich at: Rich.C@empowergmat.com # Rich Cohen Co-Founder & GMAT Assassin # Special Offer: Save$75 + GMAT Club Tests

60-point improvement guarantee
www.empowergmat.com/

***********************Select EMPOWERgmat Courses now include ALL 6 Official GMAC CATs!***********************

Re: What is the total value of Company H's stock?   [#permalink] 05 Jan 2015, 21:25
Similar topics Replies Last post
Similar
Topics:
What was the percent increase of Company A's stock between June 1 and 1 31 May 2016, 02:47
What is the total value of ABC Corporation's stock? 2 30 May 2016, 21:28
2 What is the total number of executives at Company P 1 23 May 2016, 03:05
1 What is the increasing percent of the price of the company's stocks 3 10 Nov 2014, 02:29
7 John owns stock in nine different companies, for a total of 7 24 Oct 2015, 08:00
Display posts from previous: Sort by