• 7 CATs FREE!
    If you earn 100 Forum Points

    Engage in the Beat The GMAT forums to earn
    100 points for $49 worth of Veritas practice GMATs FREE

    Veritas Prep
    VERITAS PRACTICE GMAT EXAMS
    Earn 10 Points Per Post
    Earn 10 Points Per Thanks
    Earn 10 Points Per Upvote
    REDEEM NOW

A total of 120 investment advisors work at a particular

This topic has 1 expert reply and 1 member reply

A total of 120 investment advisors work at a particular

Post

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.

  • +1 Upvote Post
  • Quote
  • Flag
Post
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

  • +1 Upvote Post
  • Quote
  • Flag
Post
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

  • +1 Upvote Post
  • Quote
  • Flag
  • Magoosh
    Magoosh
    Study with Magoosh GMAT prep

    Available with Beat the GMAT members only code

    MORE DETAILS
    Magoosh
  • EMPOWERgmat Slider
    1 Hour Free
    BEAT THE GMAT EXCLUSIVE

    Available with Beat the GMAT members only code

    MORE DETAILS
    EMPOWERgmat Slider
  • e-gmat Exclusive Offer
    Get 300+ Practice Questions
    25 Video lessons and 6 Webinars for FREE

    Available with Beat the GMAT members only code

    MORE DETAILS
    e-gmat Exclusive Offer
  • PrepScholar GMAT
    5 Day FREE Trial
    Study Smarter, Not Harder

    Available with Beat the GMAT members only code

    MORE DETAILS
    PrepScholar GMAT
  • Varsity Tutors
    Award-winning private GMAT tutoring
    Register now and save up to $200

    Available with Beat the GMAT members only code

    MORE DETAILS
    Varsity Tutors
  • Veritas Prep
    Free Veritas GMAT Class
    Experience Lesson 1 Live Free

    Available with Beat the GMAT members only code

    MORE DETAILS
    Veritas Prep
  • Kaplan Test Prep
    Free Practice Test & Review
    How would you score if you took the GMAT

    Available with Beat the GMAT members only code

    MORE DETAILS
    Kaplan Test Prep
  • Target Test Prep
    5-Day Free Trial
    5-day free, full-access trial TTP Quant

    Available with Beat the GMAT members only code

    MORE DETAILS
    Target Test Prep
  • The Princeton Review
    FREE GMAT Exam
    Know how you'd score today for $0

    Available with Beat the GMAT members only code

    MORE DETAILS
    The Princeton Review
  • Economist Test Prep
    Free Trial & Practice Exam
    BEAT THE GMAT EXCLUSIVE

    Available with Beat the GMAT members only code

    MORE DETAILS
    Economist Test Prep

Top First Responders*

1 fskilnik@GMATH 76 first replies
2 Brent@GMATPrepNow 52 first replies
3 Jay@ManhattanReview 46 first replies
4 GMATGuruNY 39 first replies
5 Rich.C@EMPOWERgma... 32 first replies
* Only counts replies to topics started in last 30 days
See More Top Beat The GMAT Members

Most Active Experts

1 image description fskilnik@GMATH

GMATH Teacher

198 posts
2 image description Scott@TargetTestPrep

Target Test Prep

177 posts
3 image description Brent@GMATPrepNow

GMAT Prep Now Teacher

134 posts
4 image description Max@Math Revolution

Math Revolution

92 posts
5 image description GMATGuruNY

The Princeton Review Teacher

86 posts
See More Top Beat The GMAT Experts