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100 points for $49 worth of Veritas practice GMATs FREE VERITAS PRACTICE GMAT EXAMS Earn 10 Points Per Post Earn 10 Points Per Thanks Earn 10 Points Per Upvote ## A total of 120 investment advisors work at a particular tagged by: BTGmoderatorLU ##### This topic has 1 expert reply and 1 member reply ### Top Member ## A total of 120 investment advisors work at a particular ## Timer 00:00 ## Your Answer A B C D E ## Global Stats Difficult Source: Princeton Review A total of 120 investment advisors work at a particular financial services firm, 30 in bonds and the rest in equities. Fifty percent of the investment advisors are board-certified. If one-third of the equities advisors are board-certified, how many bonds advisors are not board-certified? A. 0 B. 10 C. 15 D. 20 E. 30 The OA is A. ### Top Member Junior | Next Rank: 30 Posts Joined 07 May 2018 Posted: 25 messages Let us term Investment advisors as IA, Equity Advisors as EA, Bond Advisors as BA and prefix for Board Certified as C As per the question, We have: IA = 120 BA = 30 -- (1) EA = 120 - 30 = 90 As mentioned, fifty percent of the investment advisors are board-certified. ==> 50% of IA = IAC or ==> IAC = 60 Also, given that one-third of the equities advisors are board-certified ==> (1/3)*EA = EAC ==> EAC = 30 We have to find how many bonds advisors are not board-certified or (BA - BAC) Since, Certified Investment advisors = Certified equities advisors + Certified bonds advisors ==> IAC = EAC + BAC ==> 60 = 30 + BAC ==> BAC = 30 ---- (2) From (1) and (2), bonds advisors are not board-certified or (BA - BAC) = 0 Correct Answer is A ### GMAT/MBA Expert GMAT Instructor Joined 25 Apr 2015 Posted: 1649 messages Followed by: 14 members Upvotes: 43 BTGmoderatorLU wrote: Source: Princeton Review A total of 120 investment advisors work at a particular financial services firm, 30 in bonds and the rest in equities. Fifty percent of the investment advisors are board-certified. If one-third of the equities advisors are board-certified, how many bonds advisors are not board-certified? A. 0 B. 10 C. 15 D. 20 E. 30 We see that 120 x 0.5 = 60 of the advisors are board-certified, and 90 advisors are in equities. Thus, 90 x (1/3) = 30 of the equities advisors are board-certified, so all 30 of the bonds advisors are board-certified, so there are zero bonds advisors who are not board-certified. Answer: A _________________ Scott Woodbury-Stewart Founder and CEO • Free Veritas GMAT Class Experience Lesson 1 Live Free Available with Beat the GMAT members only code • Award-winning private GMAT tutoring Register now and save up to$200

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