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A company has exactly three stockholders, B, C, and D. They own stock
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30 Sep 2021, 02:42
30 Sep 2021, 02:42
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Question Stats:
60% (00:59) correct
40% (00:54) wrong based on 20 sessions
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A company has exactly three stockholders, B, C, and D. They own stock in the ratio 3 : 5 : 7. If C’s stock is valued at $3,500, what is the total value of the stock held by B, C, and D?
(A) $7,000
(B) $7,500
(C) $10,500
(D) $16,500
(E) $105,000
(A) $7,000
(B) $7,500
(C) $10,500
(D) $16,500
(E) $105,000
Re: A company has exactly three stockholders, B, C, and D. They own stock
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30 Sep 2021, 09:24
30 Sep 2021, 09:24
2
Carcass wrote:
A company has exactly three stockholders, B, C, and D. They own stock in the ratio 3 : 5 : 7. If C’s stock is valued at $3,500, what is the total value of the stock held by B, C, and D?
(A) $7,000
(B) $7,500
(C) $10,500
(D) $16,500
(E) $105,000
(A) $7,000
(B) $7,500
(C) $10,500
(D) $16,500
(E) $105,000
B:C:D is 3x:5x:7x and 5x is worth $3500, so 1x = $500.
Total is $500(3+5+7) = $500 * 15 = $10,500
Answer is C)
gmatclubot
Re: A company has exactly three stockholders, B, C, and D. They own stock [#permalink]
30 Sep 2021, 09:24
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