Let group1 be "live on campus" and group2 be "is more than 20yrs old". We know that 250 ppl below to both groups. Because this is an overlapping groups question, we can use the overlapping group formula:
Total= group1 + group2 + neither - both.
fill in what we know: 800= group1 + group2 + neither - 250
We want to know how many belong to group1 only. This is group1-both. Since we already know both, our rephrase is:
"What is group1?"
Here is how the statements work together:
(1) group2=640.
(2) neither=60
By putting both of these in the group formula we get 800 = group1 + 640 + 60 - 250. This is enough to find group1 and answer the rephrase. The answer is
C
An alternative detailed explanation and video solution can be found at
GMATPrep question 1551.
Lordspace, if you have trouble with this type of question, you can use the Drill Engine to generate timed drills with similar questions. Set topic='Sets & Groups' and difficult='700+'
Good luck,
-Patrick