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A car is priced such that Chris can afford to pay only 50 percent of the total price, Debbie can afford to pay only 60

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by VJesus12 » Wed Oct 07, 2020 7:09 am

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A

B

C

D

E

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Difficulty—

A car is priced such that Chris can afford to pay only 50 percent of the total price, Debbie can afford to pay only 60 percent of the total price, and Edgar can afford to pay only 40 percent of the total price. The three of them decide to pool their funds, each paying half of the amount he or she can afford. To make the agreement work, they find a fourth person, Fred, who has available funds equal to the remaining balance of the price of the car. What is the price of the car, expressed as a percentage of Fred's available funds?

A. 125%
B. 150%
C. 200%
D. 300%
E. 400%

Answer: E

Source: Princeton Review
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