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According to the stock policy of a company, each employee in
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30 Apr 2019, 01:29
30 Apr 2019, 01:29
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Question Stats:
90% (02:36) correct
9% (02:14) wrong based on 11 sessions
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According to the stock policy of a company, each employee in the technical division is given 15 shares of the company and each employee in the recruitment division is given 10 shares. Employees belonging to both communities get 25 shares each. There are 20 employees in the company, and each one belongs to at least one division. The cost of each share is $10. If the technical division has 15 employees and the recruitment division has 10 employees, then what is the total cost of the shares given by the company?
(A) 2,250
(B) 2,650
(C) 3,120
(D) 3,180
(E) 3,250
(A) 2,250
(B) 2,650
(C) 3,120
(D) 3,180
(E) 3,250
Re: According to the stock policy of a company, each employee in
[#permalink]
16 Apr 2020, 02:33
16 Apr 2020, 02:33
Expert Reply
20 = 15 + 10 - x
x = 5
So total shares given to only technical = 10 × 15 = 150
Shares given to only Recruitment = 5 × 10 = 50
Share given to Technical as well as recruitment people = 5 × 25 = 125
Total shares = 150 + 50 + 125 = 325.
Total value = 325 × 10 = 3250
E is the answer
x = 5
So total shares given to only technical = 10 × 15 = 150
Shares given to only Recruitment = 5 × 10 = 50
Share given to Technical as well as recruitment people = 5 × 25 = 125
Total shares = 150 + 50 + 125 = 325.
Total value = 325 × 10 = 3250
E is the answer
gmatclubot
Re: According to the stock policy of a company, each employee in [#permalink]
16 Apr 2020, 02:33
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