If the total price of n equally priced stock shares is p, what is p?(1) If the price of each share were to increase by $1, p would increase by $40.(2) If the price of half of the shares increased by 25 percent each, p would increase by $10.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question askedb)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question askedc)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked, but NEITHER statement ALONE is sufficientd)EACH statement ALONE is sufficient to answer the question askede)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are neededCorrect answer is option 'B'. Can you explain this answer?

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GMAT Exam > GMAT Questions > If the total price of n equally priced stock ...

a)
Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked
b)
Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question asked
c)
BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked, but NEITHER statement ALONE is sufficient
d)
EACH statement ALONE is sufficient to answer the question asked
e)
Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are needed

Correct answer is option 'B'. Can you explain this answer?

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If the total price of n equally priced stock shares is p, what is p?(1...

Statement (1) states that if the price of each share were to increase by $1, p would increase by $40. This information alone is not sufficient to determine the value of p or the number of shares n. While we know the increase in p resulting from a $1 increase in the price of each share, we don't have enough information to determine the original value of p or n.

Statement (2) says that if the price of half of the shares increased by 25 percent each, p would increase by $10. This information alone is sufficient to answer the question. Since half of the shares increased in price, and the increase in p was $10, we can determine the value of p and the number of shares n.

Therefore, Statement (2) alone is sufficient to answer the question, while Statement (1) alone is not sufficient. The answer is B: Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question asked.

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If the total price of n equally priced stock shares is p, what is p?(1) If the price of each share were to increase by $1, p would increase by $40.(2) If the price of half of the shares increased by 25 percent each, p would increase by $10.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question askedb)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question askedc)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked, but NEITHER statement ALONE is sufficientd)EACH statement ALONE is sufficient to answer the question askede)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are neededCorrect answer is option 'B'. Can you explain this answer?

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If the total price of n equally priced stock shares is p, what is p?(1) If the price of each share were to increase by $1, p would increase by $40.(2) If the price of half of the shares increased by 25 percent each, p would increase by $10.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question askedb)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question askedc)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked, but NEITHER statement ALONE is sufficientd)EACH statement ALONE is sufficient to answer the question askede)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are neededCorrect answer is option 'B'. Can you explain this answer? for GMAT 2025 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about If the total price of n equally priced stock shares is p, what is p?(1) If the price of each share were to increase by $1, p would increase by $40.(2) If the price of half of the shares increased by 25 percent each, p would increase by $10.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question askedb)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question askedc)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked, but NEITHER statement ALONE is sufficientd)EACH statement ALONE is sufficient to answer the question askede)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are neededCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for GMAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If the total price of n equally priced stock shares is p, what is p?(1) If the price of each share were to increase by $1, p would increase by $40.(2) If the price of half of the shares increased by 25 percent each, p would increase by $10.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question askedb)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question askedc)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked, but NEITHER statement ALONE is sufficientd)EACH statement ALONE is sufficient to answer the question askede)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are neededCorrect answer is option 'B'. Can you explain this answer?.

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