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

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

by Brent@GMATPrepNow » Fri Mar 13, 2020 9:53 am

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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

Answer: C
Source: Official guide
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Re: A certain fishing boat is chartered by 6 people who are to contribute

by Brent@GMATPrepNow » Sun Mar 15, 2020 12:28 pm
Brent@GMATPrepNow wrote: ↑
Fri Mar 13, 2020 9:53 am
 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

Answer: C
Source: Official guide
$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 to the $150 down payment.
Amount each person still owes $80 - $25 = $55.

Answer: C

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Brent
Brent Hanneson - Creator of GMATPrepNow.com
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