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24 Jul 2024, 01:30
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E
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
25%
(medium)
Question Stats:
82% (01:45) correct
18%
(02:29)
wrong
based on 131
sessions
History
Date
Time
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Not Attempted Yet
A car is priced such that Chris can afford to pay only 50 percent of the total price, Debbie can afford to pay only 60 percent of the total price, and Edgar can afford to pay only 40 percent of the total price. The three of them decide to pool their funds, each paying half of the amount he or she can afford. To make the agreement work, they find a fourth person, Fred, who has available funds equal to the remaining balance of the price of the car. What is the price of the car, expressed as a percentage of Fred's available funds?
A. 125%
B. 150%
C. 200%
D. 300%
E. 400%
A. 125%
B. 150%
C. 200%
D. 300%
E. 400%
24 Jul 2024, 02:49
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Let the car value = \(100\)
Chris can afford to pay \(50\), and contribues \(25\)
Debbie can afford to pay \(60\), and contributes \(30\)
can afford to pay \(40\), and contributes \(20\)
\(25+30+20= 75\)
Which means Fred will pay \(25\). The price of the car, expressed as a percentage of Fred's available funds will be \(400\)%
Mathematically showing this: \(25*\frac{x}{100}= 100\)
\(x = 400\)
ANSWER E
Chris can afford to pay \(50\), and contribues \(25\)
Debbie can afford to pay \(60\), and contributes \(30\)
can afford to pay \(40\), and contributes \(20\)
\(25+30+20= 75\)
Which means Fred will pay \(25\). The price of the car, expressed as a percentage of Fred's available funds will be \(400\)%
Mathematically showing this: \(25*\frac{x}{100}= 100\)
\(x = 400\)
ANSWER E
24 Jul 2024, 05:54
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Bunuel
C = 0.5* Total Price
D = 0.6* Total Price
E = 0.4* Total Price
Pool = (1/2)*(0.5* Total Price+0.6* Total Price+0.4* Total Price) = (1/2)*1.5*Total Price = 0.75* Total Price
F = Total Price - 0.75* Total Price = 0.25* Total Price
Price = 4*F = 400% of Fed
Answer: Option E
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