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Master | Next Rank: 500 Posts
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by f2001290 » Mon Jun 11, 2007 6:01 am
1.A person buys a share for $ 50 and sells it for $ 52 after a year. What is the total profit made by him from the share?
(I) A company pays annual dividend
(II) The rate of dividend is 25%
(A) Statement (I) ALONE is sufficient, but statement (II) alone is not sufficient
(B) Statement (II) ALONE is sufficient, but statement (I) is not sufficient
(C) BOTH statements TOGETHER are sufficient, but NEITHER statement alone is sufficient
(D) Each statement ALONE is sufficient
(E) Statements (I) and (II) TOGETHER are NOT sufficient

OA is C. But I am surprised because Face Value of the share is not provided in the question without which we cannot solve the question.

Any opinion on this ??
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Source: — Data Sufficiency |
Junior | Next Rank: 30 Posts
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My Call

by simplythebest » Mon Jun 11, 2007 10:06 pm
I presume that the question says "a share". If it is one share then we can get the answer as "C"
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