Donald has $520,000 in campaign money available to spend on advertising for the month of October, and his advisers are

[Gmat_mission]

Donald has $520,000 in campaign money available to spend on advertising for the month of October, and his advisers are telling him that he should spend a minimum of $360,000 in the battleground states of Ohio, Florida, Virginia, and North Carolina. If he plans to spend the minimum amount in battleground states to appease his advisers, plus impress his friends by a big ad spend specific to New York City (and then he will skip advertising in the rest of the country), how much money will he have remaining if he wants 20% of his ad spend to take place in New York City?

(A) $45,000

(B) $52,000

(C) $70,000

(D) $90,000

(E) $104,000

Answer: C

Source: Veritas Prep

[Scott@TargetTestPrep]

Donald has $520,000 in campaign money available to spend on advertising for the month of October, and his advisers are telling him that he should spend a minimum of $360,000 in the battleground states of Ohio, Florida, Virginia, and North Carolina. If he plans to spend the minimum amount in battleground states to appease his advisers, plus impress his friends by a big ad spend specific to New York City (and then he will skip advertising in the rest of the country), how much money will he have remaining if he wants 20% of his ad spend to take place in New York City?

(A) $45,000

(B) $52,000

(C) $70,000

(D) $90,000

(E) $104,000

Answer: C

Solution:

We are given that Donald spends on advertising in battleground states and New York City only. We are also given that he plans to spend $360,000 in the battleground states and 20% in New York City. Since he only spends the money in battleground states and New York City, the $360,000 he plans to spend in battleground states is 80% of the total he plans to spend on advertising. If we let x = the total he he plans to spend on advertising, then:

360,000 = 0.8x

x = 360,000/0.8 = 3,600,000/8 = 450,000

Since he has $520,000 available and he plans to spend $450,000, he will have 520,000 - 450,000 = $70,000 left.

Answer: C