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A bank transfers sum of money to Mr. Cathrall...

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Intern
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Joined: 30 Sep 2018
Posts: 15
A bank transfers sum of money to Mr. Cathrall...  [#permalink]

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New post 27 Oct 2018, 12:15
00:00
A
B
C
D
E

Difficulty:

  45% (medium)

Question Stats:

6% (00:10) correct 94% (03:48) wrong based on 16 sessions

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A bank transfers sum of money to Mr. Cathrall, who spends $20,000 of the amount sent to him and transfers 75% of the remaining money to Mrs. Carlyle, who spends $15,000 of the amount she receives before transferring 2/3 of the money to Mr. Leeds, who spends $5,000 and transfers 4/5 of the money remaining back to Mr. Cathrall. Assuming that the bank transfers were made at no cost, how much money did Mrs. Carlyle transfer to Mr. Leeds if Mr. Cathrall receives $260,000 in all?

A. $80,000
B. $90,000
C. $100,000
D. $110,000
E. $120,000

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Manager
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Joined: 15 Feb 2018
Posts: 77
Re: A bank transfers sum of money to Mr. Cathrall...  [#permalink]

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New post 27 Oct 2018, 16:47
Set up a timeline. take 3 zeros off each number. I'm not seeing other ways to reduce this from a 5 minute answer to a 1-2 minute answer.
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Re: A bank transfers sum of money to Mr. Cathrall... &nbs [#permalink] 27 Oct 2018, 16:47
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A bank transfers sum of money to Mr. Cathrall...

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