It is currently 06 Jul 2020, 04:25
My Tests

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

If 1/2 an investment portfolio was invested in stocks, 1/5

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Senior Manager
Senior Manager
Joined: 20 May 2014
Posts: 283
Followers: 23

Kudos [?]: 61 [0], given: 220

CAT Tests
If 1/2 an investment portfolio was invested in stocks, 1/5 [#permalink] New post 17 Oct 2017, 22:26
00:00

Question Stats:

99% (00:29) correct 0% (00:00) wrong based on 7 sessions
If 1/2 an investment portfolio was invested in stocks, 1/5 in a mutual fund, 1/10 in bonds, and the remaining $25,000 in a savings bond, what was the total amount in the portfolio?

(A) $100,000
(B) $125,000
(C) $150,000
(D) $200,000
(E) $250,000


Kudos for correct solution.
[Reveal] Spoiler: OA
Director
Director
Joined: 03 Sep 2017
Posts: 518
Followers: 2

Kudos [?]: 418 [0], given: 66

Re: If 1/2 an investment portfolio was invested in stocks, 1/5 [#permalink] New post 18 Oct 2017, 05:32
The information can be translated into numbers as \([1-(\frac{1}{2}+\frac{1}{5}+\frac{1}{10})]x = 25,000\). Solving we get \(\frac{1}{5}x = 25,000\) and x = 125,000, the total amount of the portfolio.

Answer B
1 KUDOS received
Target Test Prep Representative
User avatar
Status: Head GRE Instructor
Affiliations: Target Test Prep
Joined: 09 May 2016
Posts: 161
Location: United States
Followers: 7

Kudos [?]: 190 [1] , given: 0

Re: If 1/2 an investment portfolio was invested in stocks, 1/5 [#permalink] New post 08 Jan 2018, 10:45
1
This post received
KUDOS
Expert's post
Bunuel wrote:
If 1/2 an investment portfolio was invested in stocks, 1/5 in a mutual fund, 1/10 in bonds, and the remaining $25,000 in a savings bond, what was the total amount in the portfolio?

(A) $100,000
(B) $125,000
(C) $150,000
(D) $200,000
(E) $250,000


We can let the total investment = n and create the following equation:

(1/2)n + (1/5)n + (1/10)n + 25,000 = n

Multiplying the equation by 10, we have:

5n + 2n + n + 250,000 = 10n

250,000 = 2n

125,000 = n

Answer: B
_________________

Jeffrey Miller

Head of GRE Instruction

Jeff@TargetTestPrep.com
TTP - Target Test Prep Logo
41 Reviews

5-star rated online GRE quant
self study course

See why Target Test Prep is the top rated GRE quant course on GRE Prep Club. Read Our Reviews

Intern
Intern
Joined: 22 Oct 2019
Posts: 8
Followers: 0

Kudos [?]: 0 [0], given: 0

Re: If 1/2 an investment portfolio was invested in stocks, 1/5 [#permalink] New post 23 Jun 2020, 13:20
I guess it's C) $150,000
Intern
Intern
Joined: 24 May 2020
Posts: 5
Followers: 0

Kudos [?]: 1 [0], given: 0

Re: If 1/2 an investment portfolio was invested in stocks, 1/5 [#permalink] New post 24 Jun 2020, 21:30
I don’t understand why such complicated tasks are needed because real traders will never make such complex calculations. To do this, most use trading calculators and they work very stably and can save a lot of time. I personally work on the https://www.investous.com/ platform and there is an awesome built-in calculator. So I think that there’s no point in wasting time on such calculations. By the way, what is the correct answer? I find it difficult to answer this question because I have not had practice for a long time. Do not criticize me :)
Re: If 1/2 an investment portfolio was invested in stocks, 1/5   [#permalink] 24 Jun 2020, 21:30
Display posts from previous: Sort by

If 1/2 an investment portfolio was invested in stocks, 1/5

  Question banks Downloads My Bookmarks Reviews Important topics  


GRE Prep Club Forum Home| About| Terms and Conditions and Privacy Policy| GRE Prep Club Rules| Contact

Powered by phpBB © phpBB Group

Kindly note that the GRE® test is a registered trademark of the Educational Testing Service®, and this site has neither been reviewed nor endorsed by ETS®.