medium · GMAT Quant
An investment fund is split into two sub-portfolios, A and B. Sub-portfolio A earned a 12% return and sub-portfolio B earned an 8% return. After one year, 20% of the value of sub-portfolio A is transferred into sub-portfolio B.
If the combined fund's total return for the year was 9%, and the total value of the fund after the transfer is $500,000, what was the initial value of sub-portfolio A before the returns and the transfer?
- $125,000
- $100,000
- $375,000
- $250,000
- $150,000
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