Manhattan Prep
A certain company has budgeted $1,440 for entertainment expenses for the year, divided into 12 equal monthly allocations. If by the end of the third month, the total amount spent on entertainment was $300, how much was the company under budget or over budget?
A. $60 under budget
B. $30 under budget
C. $30 over budget
D. $60 over budget
E. $180 over budget
OA A
A certain company has budgeted $1,440 for entertaiment expenses for the year, divided into 12...
This topic has expert replies
GMAT/MBA Expert
-
Ian Stewart
- GMAT Instructor
- Posts: 2583
- Joined: 02 Jun 2008
- Location: Toronto
- Thanked: 1090 times
- Followed by:355 members
- GMAT Score:780
Re: A certain company has budgeted $1,440 for entertaiment expenses for the year, divided into 12...
Dividing $1440 by 12, they budgeted $120 per month, so $360 for three months. If they spent $300, they were $60 under budget.
If you are looking for online GMAT math tutoring, or if you are interested in buying my advanced Quant books and problem sets, please contact me at ianstewartgmat at gmail.com
GMAT/MBA Expert
-
[email protected]
- GMAT Instructor
- Posts: 5900
- Joined: 25 Apr 2015
- Location: Los Angeles, CA
- Thanked: 43 times
- Followed by:24 members
Re: A certain company has budgeted $1,440 for entertaiment expenses for the year, divided into 12...
The budget for 3 months of entertainment expenses is 1,440/12 x 3 = 120 x 3 = $360. Since the actual spending for the 3 months was $300, the company was $60 under budget.AAPL wrote: ↑Wed Feb 12, 2020 3:12 amManhattan Prep
A certain company has budgeted $1,440 for entertainment expenses for the year, divided into 12 equal monthly allocations. If by the end of the third month, the total amount spent on entertainment was $300, how much was the company under budget or over budget?
A. $60 under budget
B. $30 under budget
C. $30 over budget
D. $60 over budget
E. $180 over budget
OA A
Answer: A
Scott Woodbury-Stewart
Founder and CEO
[email protected]
See why Target Test Prep is rated 5 out of 5 stars on BEAT the GMAT. Read our reviews
