A certain company has budgeted $1,440 for entertainment expenses for the year, divided into 12 equal monthly allocations

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Vincen: Legendary Member; Posts: 2898; Joined: Thu Sep 07, 2017 2:49 pmFollowed by: 5 members; Thanked: 6 times

by Vincen » Sat Sep 25, 2021 12:04 am

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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

Answer: A

Source: Manhattan GMAT

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