GMAT Practice Question Set #11 (Question 31-33)

Data Sufficiency Question #33: Hedge Fund Performance  
Time 0 0 : 0 0 : 0 0

Two hedge funds reported their performance for the last fiscal year. Hedge fund A earned 5% and hedge fund B earned 8% last year. How many more dollars did hedge fund B generate than did hedge fund A?

(1) Hedge fund B managed $2M more in assets under management than did hedge fund A.

(2)The total amount of money earned by the two hedge funds last year was $1.2M

(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 but neither statement is sufficient alone.

(D)

Each statement alone is sufficient to answer the question.

(E)

Statements 1 and 2 are not sufficient to answer the question asked and additional data is needed to answer the statements.

GMATTM is a registered trademark of the Graduate Management Admission CouncilTM. The Graduate Management Admission CouncilTM does not endorse, nor is it affiliated in any way with the owner or any content of this web site.