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

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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
Source: — Data Sufficiency |

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

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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

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Brent
Brent Hanneson - Creator of GMATPrepNow.com
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