A charitable organization has a goal of raising $300,000 in 100 days.

This topic has expert replies
Legendary Member
Posts: 1223
Joined: Sat Feb 15, 2020 2:23 pm
Followed by:1 members

Timer

00:00

Your Answer

A

B

C

D

E

Global Stats

A charitable organization has a goal of raising $300,000 in 100 days. If it raised $200,000 in the first 60 days, what is the average (arithmetic mean) number of dollars per day that it must raise for the last 40 days in order to achieve its goal?

(A) $2,500
(B) $3,000
(C) $5,000
(D) $6,000
(E) $7,500

Answer: A
Source: GMAT prep
Source: — Problem Solving |

GMAT/MBA Expert

User avatar
GMAT Instructor
Posts: 16207
Joined: Mon Dec 08, 2008 6:26 pm
Location: Vancouver, BC
Thanked: 5254 times
Followed by:1268 members
GMAT Score:770
BTGModeratorVI wrote:
Sun Jul 26, 2020 6:43 am
A charitable organization has a goal of raising $300,000 in 100 days. If it raised $200,000 in the first 60 days, what is the average (arithmetic mean) number of dollars per day that it must raise for the last 40 days in order to achieve its goal?

(A) $2,500
(B) $3,000
(C) $5,000
(D) $6,000
(E) $7,500

Answer: A
Source: GMAT prep
After 60 days, the organization has 40 days to raise an additional $100,000
So the average number of dollars per day it must raise = $100,000/40 = 10,000/4 = 2,500

Answer: A

Cheers,
Brent
Brent Hanneson - Creator of GMATPrepNow.com
Image