GMAT Quantitative Reasoning Practice Test 2

© examsiri.com

Question : 14 of 100

Marks: +1, -0

An investor receives a total combined return of

7 \%

on his two different investments. On his

\$ 10,000

investment he receives a return of

6 \%

. What is the return on his

\$ 20,000

investment?

$7.25 \%$
$7.5 \%$
$8 \%$
$8.5 \%$
$9 \%$

Solution:

The combined return is

7 \%

of

\$ 30,000=\$ 2,100

. Subtract the

6 \%

return on his

\$ 10,000

investment

=\$ 600

.

\$ 2,100-\$ 600=\$ 1,500

. This is the return on his second investment of

\$ 20,000

.

\$ 1,500

of

\$ 20,000

is a

7.5 \%

return.

© examsiri.com

Go to Question:

Prev Question

Next Question