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100 points for $49 worth of Veritas practice GMATs FREE VERITAS PRACTICE GMAT EXAMS Earn 10 Points Per Post Earn 10 Points Per Thanks Earn 10 Points Per Upvote ## While collecting a fund ##### This topic has 3 expert replies and 1 member reply ### Top Member ## While collecting a fund While collecting a fund, Jason received$200 from 2/5th of his classmates and observed that he is able to meet 1/4th of the required fund. What should be the per head contribution from rest of the class to meet his requirement?

A)100
B)200
C)300
D)400
E)500

Can some experts help me with the formulas?

OA D

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lheiannie07 wrote:
While collecting a fund, Jason received $200 from 2/5th of his classmates and observed that he is able to meet 1/4th of the required fund. What should be the per head contribution from rest of the class to meet his requirement? A)100 B)200 C)300 D)400 E)500 (Note: We will assume that he received$200 from EACH of the 2/5 of his classmates; otherwise the problem is not able to be solved.)

Letâ€™s assume that the class has n students. Thus, he has collected 200 x (2/5)n = 80n dollars. Since this represents 1/4 of the required fund, thus he still needs 3/4 of the required fund, i.e., 3 x 80n = 240n dollars. Since the the remaining number of students in the class is (3/5)n, then the per- person contribution from these remaining students is:

240n/[(3/5)n] = 240 x 5/3 = 400 dollars

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regor60 wrote:
DavidG@VeritasPrep wrote:
lheiannie07 wrote:
While collecting a fund, Jason received $200 from 2/5th of his classmates and observed that he is able to meet 1/4th of the required fund. What should be the per head contribution from rest of the class to meet his requirement? A)100 B)200 C)300 D)400 E)500 Can some experts help me with the formulas? OA D Let's say Jason has 5 classmates. If he receives$200 from 2/5 of them, or from two classmates, he'll have 2*200 = $400. If$400 is 1/4 of what he needs, then he requires a total of 4*400 = 1600, leaving him 1200 short of his goal.

So, from the remaining 3 students, Jason needs to raise 1200, or 1200/3 = $400 each. The answer is D I interpreted this question differently. Receiving$200 from 2/5 of them implies to me that the total supplied by 2/5 of the class is $200, not that each provides$200.

In which case $800 was the bogey,$600 remaining among 3 members requiring $200 each. Not unreasonable - the question could have been worded more precisely to avoid any ambiguity. For my interpretation, it probably should have read "Jason received$200 each..." For your interpretation, "Jason received $200 total..." _________________ Veritas Prep | GMAT Instructor Veritas Prep Reviews Save$100 off any live Veritas Prep GMAT Course

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lheiannie07 wrote:
While collecting a fund, Jason received $200 from 2/5th of his classmates and observed that he is able to meet 1/4th of the required fund. What should be the per head contribution from rest of the class to meet his requirement? A)100 B)200 C)300 D)400 E)500 Can some experts help me with the formulas? OA D Let's say Jason has 5 classmates. If he receives$200 from 2/5 of them, or from two classmates, he'll have 2*200 = $400. If$400 is 1/4 of what he needs, then he requires a total of 4*400 = 1600, leaving him 1200 short of his goal.

So, from the remaining 3 students, Jason needs to raise 1200, or 1200/3 = $400 each. The answer is D _________________ Veritas Prep | GMAT Instructor Veritas Prep Reviews Save$100 off any live Veritas Prep GMAT Course

Enroll in a Veritas Prep GMAT class completely for FREE. Wondering if a GMAT course is right for you? Attend the first class session of an actual GMAT course, either in-person or live online, and see for yourself why so many students choose to work with Veritas Prep. Find a class now!
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DavidG@VeritasPrep wrote:
lheiannie07 wrote:
While collecting a fund, Jason received $200 from 2/5th of his classmates and observed that he is able to meet 1/4th of the required fund. What should be the per head contribution from rest of the class to meet his requirement? A)100 B)200 C)300 D)400 E)500 Can some experts help me with the formulas? OA D Let's say Jason has 5 classmates. If he receives$200 from 2/5 of them, or from two classmates, he'll have 2*200 = $400. If$400 is 1/4 of what he needs, then he requires a total of 4*400 = 1600, leaving him 1200 short of his goal.

So, from the remaining 3 students, Jason needs to raise 1200, or 1200/3 = $400 each. The answer is D I interpreted this question differently. Receiving$200 from 2/5 of them implies to me that the total supplied by 2/5 of the class is $200, not that each provides$200.

In which case $800 was the bogey,$600 remaining among 3 members requiring $200 each. • Free Trial & Practice Exam BEAT THE GMAT EXCLUSIVE Available with Beat the GMAT members only code • FREE GMAT Exam Know how you'd score today for$0

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