NEW HERE? LEARN MORE
closeclose
Last visit was: 29 Apr 2024, 12:21 It is currently 29 Apr 2024, 12:21
Decision Tracker
My Rewards
New posts
New comers' posts

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.
Go to My Error Log Learn more
Close
Request Expert Reply
Confirm Cancel

A stock returned what percent of its cost in a dividend at the end of

SORT BY:
Date
Kudos
Tags:
Find Similar Topics 
Show Tags
Hide Tags
User avatar
L
Bunuel
Math Expert
Joined: 02 Sep 2009
Posts: 93014
Own Kudos [?]: 619968 [0]
Given Kudos: 81634
Send PM
CAT Tests Forum Quiz Mode
A stock returned what percent of its cost in a dividend at the end of [#permalink] New post   16 Apr 2024, 01:30
Expert Reply
00:00
A
B
C
D
E

Difficulty:

25% (medium)

Question Stats:

79% (01:01) correct 21% (00:51) wrong based on 39 sessions
Hide Show timer Statistics
­A stock returned what percent of its cost in a dividend at the end of the year?

(1) The amount of the dividend was less than 10 percent of the cost of the stock.
(2) The amount of dividend paid on each share was $1.20; and the stock cost $60 per share.


­
ShowHide Answer
Official Answer
B
User avatar
B
Edoua
Manager
Manager
Joined: 18 Feb 2024
Posts: 53
Own Kudos [?]: 27 [0]
Given Kudos: 87
Send PM
Re: A stock returned what percent of its cost in a dividend at the end of [#permalink] New post   16 Apr 2024, 05:18
E

1) The amount of the dividend was less than 10 percent of the cost of the stock.

We don’t know the cost of the stock

Insufficient

2) The amount of dividend paid on each share was $1.20; and the stock cost $60 per share.

The amount of dividend paid was $1.20 but we don’t know in how many period a year

It can be monthly, after a trimester or…

Insufficient

1+2) insufficient

How many shares, what can be te total amount of stock

Hence insufficient

Posted from my mobile device
User avatar
B
Scholar94
Intern
Intern
Joined: 16 Feb 2021
Posts: 13
Own Kudos [?]: 7 [1]
Given Kudos: 22
Send PM
Re: A stock returned what percent of its cost in a dividend at the end of [#permalink] New post   16 Apr 2024, 11:30
1
Kudos
Edoua wrote:
E

1) The amount of the dividend was less than 10 percent of the cost of the stock.

We don’t know the cost of the stock

Insufficient

2) The amount of dividend paid on each share was $1.20; and the stock cost $60 per share.

The amount of dividend paid was $1.20 but we don’t know in how many period a year

It can be monthly, after a trimester or…

Insufficient

1+2) insufficient

How many shares, what can be te total amount of stock

Hence insufficient

Posted from my mobile device


I believe correct answer is B.

We can infer from the free info that dividend will be paid at the end of the year. Hence statement 2 is sufficient
User avatar
B
Scholar94
Intern
Intern
Joined: 16 Feb 2021
Posts: 13
Own Kudos [?]: 7 [1]
Given Kudos: 22
Send PM
Re: A stock returned what percent of its cost in a dividend at the end of [#permalink] New post   16 Apr 2024, 11:42
1
Kudos
Bunuel wrote:
­A stock returned what percent of its cost in a dividend at the end of the year?

(1) The amount of the dividend was less than 10 percent of the cost of the stock.
(2) The amount of dividend paid on each share was $1.20; and the stock cost $60 per share.


This is a Data Sufficiency Butler Question

­


Let k be the percentage the stock will return. K% × Cost=Dividend

Statement 1 is cleary not sufficient

Statement 2: let T be the total number of shares.

K%×60T=1.2T

K We can clearly find K. Hence Statement 2 is sufficient

Posted from my mobile device
User avatar
B
EDDIE98
Manager
Manager
Joined: 09 Jan 2024
Posts: 58
Own Kudos [?]: 11 [0]
Given Kudos: 74
Send PM
A stock returned what percent of its cost in a dividend at the end of [#permalink] New post   17 Apr 2024, 04:34
Edoua wrote:
E

1) The amount of the dividend was less than 10 percent of the cost of the stock.

We don’t know the cost of the stock

Insufficient

2) The amount of dividend paid on each share was $1.20; and the stock cost $60 per share.

The amount of dividend paid was $1.20 but we don’t know in how many period a year

It can be monthly, after a trimester or…

Insufficient

1+2) insufficient

How many shares, what can be te total amount of stock

Hence insufficient

Posted from my mobile device

­A stock returned what percent of its cost in a dividend at the end of the year? 
The question asks about percent and 2) say "the amount of dividend was 1.20 per share" and "the stock cost 60 per share"  
So 1.20/60 -> 2%­
GMAT Club Bot
gmatclubot
A stock returned what percent of its cost in a dividend at the end of [#permalink]
17 Apr 2024, 04:34
Moderator:
Bunuel
Math Expert
93015 posts

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne
Main navigation
GMAT Resources
Partners
MBA Resources
www.gmac.com|www.mba.com | | GMAT Club Rules | Terms and Conditions