## A certain company has budgeted $1,440 for entertaiment expenses for the year, divided into 12... ##### This topic has expert replies Moderator Posts: 1648 Joined: 29 Oct 2017 Followed by:2 members ### A certain company has budgeted$1,440 for entertaiment expenses for the year, divided into 12...

by AAPL » Wed Feb 12, 2020 3:12 am
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 ### GMAT/MBA Expert 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...

by Ian Stewart » Wed Feb 12, 2020 5:27 am
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 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...

by [email protected] » Fri Feb 14, 2020 1:31 pm
AAPL wrote:
Wed Feb 12, 2020 3:12 am
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 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.