Abhijit K 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.
Statements combined:
Case 1: Total value of Company H's stock = $32,000
In this case, Q's $16,000 represents 1/2 of Company H's stock, and the value of P's stock = (1/4)(32,000) = $8000.
Case 2: Total value of Company H's stock = $48,000
In this case, Q's $16,000 represents 1/3 of Company H's stock, and the value of P's stock = (1/4)(48000) = $12,000.
Since the total value of Company H's stock can be different values, INSUFFICIENT.
The correct answer is
E.
Private tutor exclusively for the GMAT and GRE, with over 20 years of experience.
Followed here and elsewhere by over 1900 test-takers.
I have worked with students based in the US, Australia, Taiwan, China, Tajikistan, Kuwait, Saudi Arabia -- a long list of countries.
My students have been admitted to HBS, CBS, Tuck, Yale, Stern, Fuqua -- a long list of top programs.
As a tutor, I don't simply teach you how I would approach problems.
I unlock the best way for YOU to solve problems.
For more information, please email me (Mitch Hunt) at
[email protected].
Student Review #1
Student Review #2
Student Review #3
