Three business partners owned 100% of a certain company. When they sold the company, one partner received exactly 5/8 of the proceeds of the sale and the other partners shared the remainder of the proceeds. How much money did the partner who received the smallest amount of the proceeds receive from the sale?
(1) The partner who received the smallest amount from the sale received exactly 1/5 the amount received by the partner who received the second largest amount.
(2) The partner who received the second largest amount from the sale received half of the two million dollars received by the partner who received the largest amount.
The OA is B.
1st one received 5x/8
other two - 3x/8.
1 - nothing about any dollar amount - insufficient.
2 - ok, so the first one received 2 mln (that is 5x/8), the second one received 1 mln.
knowing 5x/8 - we can find x. (3,200,000).
first one received 2 mln, second one 1 mln, last one 200k. Sufficient.
Has anyone another strategic approach to solving this DS question? Regards!
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Three business partners owned 100% of a certain company.
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This is perfect.AAPL wrote:Three business partners owned 100% of a certain company. When they sold the company, one partner received exactly 5/8 of the proceeds of the sale and the other partners shared the remainder of the proceeds. How much money did the partner who received the smallest amount of the proceeds receive from the sale?
(1) The partner who received the smallest amount from the sale received exactly 1/5 the amount received by the partner who received the second largest amount.
(2) The partner who received the second largest amount from the sale received half of the two million dollars received by the partner who received the largest amount.
The OA is B.
1st one received 5x/8
other two - 3x/8.
1 - nothing about any dollar amount - insufficient.
2 - ok, so the first one received 2 mln (that is 5x/8), the second one received 1 mln.
knowing 5x/8 - we can find x. (3,200,000).
first one received 2 mln, second one 1 mln, last one 200k. Sufficient.
Has anyone another strategic approach to solving this DS question? Regards!
-Jay
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