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by swerve » Wed Oct 28, 2020 11:33 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

The OA is C

Source: Official Guide
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Re: Word problems

by Scott@TargetTestPrep » Thu Nov 05, 2020 4:12 pm
swerve wrote: ↑
Wed Oct 28, 2020 11:33 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

The OA is C

Source: Official Guide
Solution:

Since each of the 6 people has to contribute equally to the total charter cost of $480, each needs to contribute $480/6 = $80.

Since each of the 6 people contributes equally to a $150 down payment, each contributes $150/6 = $25 to the down payment.

Thus, each person still owes $80 - $25 = $55.

Answer: C

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