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

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Intern
Joined: 30 Sep 2018
Posts: 16
A bank transfers sum of money to Mr. Cathrall...  [#permalink]

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27 Oct 2018, 13:15
1
00:00

Difficulty:

95% (hard)

Question Stats:

18% (02:05) correct 82% (03:04) wrong based on 45 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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Senior Manager
Joined: 15 Feb 2018
Posts: 256
Re: A bank transfers sum of money to Mr. Cathrall...  [#permalink]

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27 Oct 2018, 17:47
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.
Intern
Joined: 17 Jan 2016
Posts: 2
Re: A bank transfers sum of money to Mr. Cathrall...  [#permalink]

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24 Apr 2019, 02:52
No "remaining" after Carlyle's transfer?
Is it legal for a GMAT question to be so tricky?
Intern
Joined: 23 Oct 2013
Posts: 41
Re: A bank transfers sum of money to Mr. Cathrall...  [#permalink]

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24 Apr 2019, 19:16
Should we include amount received to mr clarkby bank and by Mr leed as total amount received by Mr clark

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Re: A bank transfers sum of money to Mr. Cathrall...   [#permalink] 24 Apr 2019, 19:16
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