Dividend

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Dividend

by kanha81 » Sat Apr 25, 2009 12:57 pm
My question is what to do when you come across a problem where you do not know the technicality of the subject? What I am trying to ask is how do I make an educated guess?

In 1979 Mr. Jackson bought a total of n shares of stock X and Mrs. Jackson bought a total of 300 shares of stock X . If the couple held all of the respective shares throughout 1980, and Mr. Jackson’s 1980 dividends on his n shares totaled $150, what was the total amount of Mrs. Jackson’s 1980 dividends on her 300 shares?

1) In 1980 the annual dividend on each share of stock X was $0.75.
2) In 1979 Mr. Jackson bought a total of 200 shares of stock X.
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Source: — Data Sufficiency |

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by kanha81 » Sat Apr 25, 2009 1:05 pm
n*d = 150
300* d = ?

1) 0.75* n = 150
=> 300 * 0.75 = 225
Suff

2) 200 * d = 150
=> d = 0.75
Rest follows from 1)
Suff

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Always do what you're afraid to do. Whoooop GMAT