All of the stocks on the over-the-counter market are designated by either a 4-letter or a 5-letter code that is created by using the 26 letters of the alphabet. Which of the following gives the maximum number of different stocks that can be designated with these codes?
BREAKING: Target Test Prep releases Brand New 2026 On Demand GMAT prep course
Redeem
Target Test Prep GMAT OnDemand
Scott Woodbury-Stewart’s private virtual classroom — 400 hours of master-class video lessons for the GMAT Focus Edition.
- 715+ score guarantee — highest in the industry (99th percentile)
- 52 chapters · 1,500+ lessons · 4,000+ practice questions
- 400 hours of video · 1,500+ instructor-led HD smartboard lessons
- 300,000+ students accepted to Harvard, Stanford, Wharton, Booth & Sloan & more
- 24/7 live support + weekly Zoom office hours with GMAT instructors
- TTP AI Assist — 24/7 AI-powered virtual tutor for instant help
- 1,200+ flashcards + AI-powered study assistant & daily calendar
- OnDemand, LiveTeach & GMAT Bootcamp formats available
- Also: GRE, SAT Math & Executive Assessment courses
- MBA Admissions Consulting now available
- 🏆 2025 EdTech Breakthrough Award: Test Prep Solution Provider of the Year
- 200,000+ students served
- 5-day free trial — $0 to start, no auto-billing, cancel anytime
★★★★★
5.0
(559 reviews)
130-pt guarantee
$0 to start
then $127/mo
Permutations
Source: Beat The GMAT — Problem Solving |
Hmm, is the answer 8,252,400? I got this by using the permutation formula twice. 26!/(26-4)! + 26!/(26-5)!. I
4-letter code
=26 x 26 x 26 x 26
=(26)^4
5-letter code
=26 x 26 x 26 x 26 x 26
=(26)^5
Total=(26)^4 + (26)^5
= (26)^4 + 26 x (26)^4
=(26)^4 [1+26]
=27 x (26)^4
=26 x 26 x 26 x 26
=(26)^4
5-letter code
=26 x 26 x 26 x 26 x 26
=(26)^5
Total=(26)^4 + (26)^5
= (26)^4 + 26 x (26)^4
=(26)^4 [1+26]
=27 x (26)^4
Hey i think u are assuming repitition allowed, but question does not explicitly mention that repitition is allowed.sanabk wrote:4-letter code
=26 x 26 x 26 x 26
=(26)^4
5-letter code
=26 x 26 x 26 x 26 x 26
=(26)^5
Total=(26)^4 + (26)^5
= (26)^4 + 26 x (26)^4
=(26)^4 [1+26]
=27 x (26)^4
UNless the questions tells you that you cannot repeat a letter, then repetition is possible. You can't assume an unstated restriction.
Tani Wolff












