A school has received $60\%$ of the amount it needs for a new building by receiving a donation of $\$400$ each...

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by Gmat_mission » Sun Sep 12, 2021 9:22 am

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A school has received $60\%$ of the amount it needs for a new building by receiving a donation of $\$400$ each from people already solicited. People already solicited represent $40\%$ of the people from whom the school will solicit donations. How much average contribution is required from the remaining targeted people to complete the fundraising exercise?

A. $\$200$
B. $\$177.78$
C. $\$100$
D. $\$277.78$
E. $\$377.78$

Answer: B

Source: GMAT Paper Tests

Source: Beat The GMAT — Problem Solving | Sun Sep 12, 2021 9:22 am

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