BREAKING: Target Test Prep releases Brand New 2026 On Demand GMAT prep course

Redeem

A certain company has budgeted $1,440 for entertaiment expenses for the year, divided into 12...

This topic has expert replies
Post new topic Post Reply
Previous Topic Next Topic
Moderator
Posts: 2599
Joined: Sun Oct 29, 2017 2:08 pm
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
Top
Source: — Problem Solving |

GMAT/MBA Expert

User avatar
GMAT Instructor
Posts: 2623
Joined: Mon Jun 02, 2008 3:17 am
Location: Montreal
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.
For online GMAT math tutoring, or to buy my higher-level Quant books and problem sets, contact me at ianstewartgmat at gmail.com

ianstewartgmat.com
Top

GMAT/MBA Expert

User avatar
GMAT Instructor
Posts: 8083
Joined: Sat Apr 25, 2015 10:56 am
Location: Los Angeles, CA
Thanked: 43 times
Followed by:29 members

Re: A certain company has budgeted $1,440 for entertaiment expenses for the year, divided into 12...

by Scott@TargetTestPrep » 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.

Answer: A

Scott Woodbury-Stewart
Founder and CEO
[email protected]

Image

See why Target Test Prep is rated 5 out of 5 stars on BEAT the GMAT. Read our reviews

ImageImage
Top
Post new topic Post Reply
• Page 1 of 1