A certain fishing boat is chartered by 6 people who are to

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BTGmoderatorLU: Moderator; Posts: 2603; Joined: Sun Oct 15, 2017 1:50 pmFollowed by: 6 members

by BTGmoderatorLU » Tue Dec 03, 2019 5:05 am

Source: Official Guide

A certain fishing boat is chartered by 6 people who are to contribute equally to the total charter cost of $480. If each person contributes equally to a $150 down payment, how much of the charter cost will each person still owe?

A. $80
B. $66
C. $55
D. $50
E. $45

The OA is C

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Source: Beat The GMAT — Data Sufficiency | Tue Dec 03, 2019 5:05 am

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Brent@GMATPrepNow: GMAT Instructor; Posts: 16207; Joined: Mon Dec 08, 2008 6:26 pmFollowed by: 1268 members; Location: Vancouver, BC; Thanked: 5254 times; GMAT Score:770

by Brent@GMATPrepNow » Tue Dec 03, 2019 5:34 am

BTGmoderatorLU wrote:Source: Official Guide

A certain fishing boat is chartered by 6 people who are to contribute equally to the total charter cost of $480. If each person contributes equally to a $150 down payment, how much of the charter cost will each person still owe?

A. $80
B. $66
C. $55
D. $50
E. $45

The OA is C

$480/6 = $80. So, each of the 6 people must contribute $80 to the total charter cost.
$150/6 = $25. So, each of the 6 people contributes $25 the $150 down payment.
Amount each person still owes $80 - $25 = $55.

Answer: C

Cheers,
Brent

Brent Hanneson - Creator of GMATPrepNow.com

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ygcrowanhand: Senior | Next Rank: 100 Posts; Posts: 36; Joined: Mon Nov 24, 2014 1:47 pm; Location: London

Re: A certain fishing boat is chartered by 6 people who are to

by ygcrowanhand » Sat May 16, 2026 6:40 am

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