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100 points for $49 worth of Veritas practice GMATs FREE VERITAS PRACTICE GMAT EXAMS Earn 10 Points Per Post Earn 10 Points Per Thanks Earn 10 Points Per Upvote ## Word problems tagged by: BTGmoderatorRO ##### This topic has 2 expert replies and 0 member replies ## Word problems A group of 20 friends formed an investment club, with each member contributing an equal amount to the general fund, which amounted to d dollars, in Stock X. The value of the stock subsequently increased 40 percent, at which point the stock was sold and the proceeds divided evenly amoung the members. In terms of d, how much money did each member of the club receive from the sale? (A) 800d (B) 7d/5 (C) d/20+40 (D) d/2 (E) 7d/100 OA is e Can anyone help me out here with this question? i will gladly appcreciate thank you ### GMAT/MBA Expert Legendary Member Joined 14 Jan 2015 Posted: 2667 messages Followed by: 122 members Upvotes: 1153 GMAT Score: 770 Roland2rule wrote: A group of 20 friends formed an investment club, with each member contributing an equal amount to the general fund, which amounted to d dollars, in Stock X. The value of the stock subsequently increased 40 percent, at which point the stock was sold and the proceeds divided evenly amoung the members. In terms of d, how much money did each member of the club receive from the sale? (A) 800d (B) 7d/5 (C) d/20+40 (D) d/2 (E) 7d/100 OA is e Can anyone help me out here with this question? i will gladly appcreciate thank you Say d =$100.
After increasing by 40% the value of the investment = 100 + 40 = 140.
Each of 20 friends will receive 140/20 = $7. Now plug 100 in for d and see what gives us 7. Only E works. _________________ Veritas Prep | GMAT Instructor Veritas Prep Reviews Save$100 off any live Veritas Prep GMAT Course

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Roland2rule wrote:
A group of 20 friends formed an investment club, with each member contributing an equal amount to the general fund, which amounted to d dollars, in Stock X. The value of the stock subsequently increased 40 percent, at which point the stock was sold and the proceeds divided evenly amoung the members. In terms of d, how much money did each member of the club receive from the sale?

(A) 800d
(B) 7d/5
(C) d/20+40
(D) d/2
(E) 7d/100
After the stock increased by 40%, the new value was 1.4d.

Thus, each of the 20 members received 1.4d/20 = 14d/200 = 7d/100.

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