A certain fishing boat is chartered by 6 people who are to

[BTGmoderatorLU]

Source: Official Guide

A certain fishing boat is chartered by 6 people who are to contribute equally to the total charter cost of $480. If each person contributes equally to a $150 down payment, how much of the charter cost will each person still owe?

A. $80
B. $66
C. $55
D. $50
E. $45

The OA is C

[Brent@GMATPrepNow]

Source: Official Guide

A certain fishing boat is chartered by 6 people who are to contribute equally to the total charter cost of $480. If each person contributes equally to a $150 down payment, how much of the charter cost will each person still owe?

A. $80
B. $66
C. $55
D. $50
E. $45

The OA is C

$480/6 = $80. So, each of the 6 people must contribute $80 to the total charter cost.
$150/6 = $25. So, each of the 6 people contributes $25 the $150 down payment.
Amount each person still owes $80 - $25 = $55.

Answer: C

Cheers,
Brent

[ygcrowanhand]

Here's my video solution to this problem: https://youtube.com/shorts/qdE2S6T2U8k? ... qAxdlTzFXp