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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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