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# A certain fishing boat is chartered by 6 people who are to c

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Math Expert
Joined: 02 Sep 2009
Posts: 56256
A certain fishing boat is chartered by 6 people who are to c  [#permalink]

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22 Jan 2014, 02:16
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The Official Guide For GMAT® Quantitative Review, 2ND Edition

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 Problem Solving Question: 51 Category: Arithmetic Operations on rational numbers Page: 68 Difficulty: 600 GMAT Club is introducing a new project: The Official Guide For GMAT® Quantitative Review, 2ND Edition - Quantitative Questions Project Each week we'll be posting several questions from The Official Guide For GMAT® Quantitative Review, 2ND Edition and then after couple of days we'll provide Official Answer (OA) to them along with a slution. We'll be glad if you participate in development of this project: 1. Please provide your solutions to the questions; 2. Please vote for the best solutions by pressing Kudos button; 3. Please vote for the questions themselves by pressing Kudos button; 4. Please share your views on difficulty level of the questions, so that we have most precise evaluation. Thank you! _________________ Math Expert Joined: 02 Sep 2009 Posts: 56256 Re: A certain fishing boat is chartered by 6 people who are to c [#permalink] ### Show Tags 22 Jan 2014, 02:16 SOLUTION 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

Each person still owes $$\frac{480-150}{6}=55$$.

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Re: A certain fishing boat is chartered by 6 people who are to c  [#permalink]

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22 Jan 2014, 09:29
4
1
Per person cost=480/6=80
Paid as downpayment=150/6=25
Remaining cost per person=80-25=55
Ans C

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Re: A certain fishing boat is chartered by 6 people who are to c  [#permalink]

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22 Jan 2014, 11:13
1
Bunuel wrote:

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 Problem Solving Question: 51 Category: Arithmetic Operations on rational numbers Page: 68 Difficulty: 600 (480 - 150)/6 = 55 option C _________________ Illegitimi non carborundum. Intern Joined: 18 Feb 2013 Posts: 29 GMAT 1: 710 Q49 V38 Re: A certain fishing boat is chartered by 6 people who are to c [#permalink] ### Show Tags 22 Jan 2014, 17:21 1 C. 55 6 people to split 480 evenly, but 150 is already paid for 480-150=330 330/6=55 Manager Status: GMATting Joined: 21 Mar 2011 Posts: 105 Concentration: Strategy, Technology GMAT 1: 590 Q45 V27 Re: A certain fishing boat is chartered by 6 people who are to c [#permalink] ### Show Tags 22 Jan 2014, 21:17 1 Very simple: Total Share per person = 480/6 = 80; Initial share per person(Downpayment) = 150/6 = 25; Per Person share to be paid = 80 - 25 = 55; Ans is (C). Intern Joined: 27 Dec 2013 Posts: 32 Concentration: Finance, General Management Schools: ISB '15 Re: A certain fishing boat is chartered by 6 people who are to c [#permalink] ### Show Tags 22 Jan 2014, 23:47 1 Total Charter cost = 480 (-) down payment = (150) Amount to be paid = 330 Amount owed per person = 330/6 = 55 Answer is C _________________ Kindly consider for kudos if my post was helpful! Director Joined: 27 May 2012 Posts: 816 Re: A certain fishing boat is chartered by 6 people who are to c [#permalink] ### Show Tags 23 Jan 2014, 06:45 1 Bunuel wrote: 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

480-150=330
330/6= 55

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- Stne
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Joined: 02 Sep 2009
Posts: 56256
Re: A certain fishing boat is chartered by 6 people who are to c  [#permalink]

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25 Jan 2014, 12:08
SOLUTION

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 Each person still owes $$\frac{480-150}{6}=55$$. Answer: C. _________________ Manager Joined: 18 Oct 2013 Posts: 69 Location: India Concentration: Technology, Finance GMAT 1: 580 Q48 V21 GMAT 2: 530 Q49 V13 GMAT 3: 590 Q49 V21 WE: Information Technology (Computer Software) Re: A certain fishing boat is chartered by 6 people who are to c [#permalink] ### Show Tags 26 Jan 2014, 07:32 Easy one but sometimes easy one create trouble if not read carefully. Total Charter Cost=480 Each person cost=480/6=$80

Initial Down payment = 150
Each person Initial Down Payment=150/6=25
Remaining per person= 80-25=55
Manager
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Re: A certain fishing boat is chartered by 6 people who are to c  [#permalink]

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23 Apr 2014, 07:34
Total Charter cost = 480$; equal share of 6 people = 480/6 = 80$;

initial down payment = 150$; shared by 6 people = 150/6 =25$;

So, still they owe 80 -25 = 55$; Target Test Prep Representative Status: Founder & CEO Affiliations: Target Test Prep Joined: 14 Oct 2015 Posts: 6923 Location: United States (CA) Re: A certain fishing boat is chartered by 6 people who are to c [#permalink] ### Show Tags 04 Apr 2017, 16:21 1 Bunuel wrote: 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

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 _________________ # Scott Woodbury-Stewart Founder and CEO Scott@TargetTestPrep.com 122 Reviews 5-star rated online GMAT quant self study course See why Target Test Prep is the top rated GMAT quant course on GMAT Club. Read Our Reviews If you find one of my posts helpful, please take a moment to click on the "Kudos" button. IIMA, IIMC School Moderator Joined: 04 Sep 2016 Posts: 1361 Location: India WE: Engineering (Other) A certain fishing boat is chartered by 6 people who are to c [#permalink] ### Show Tags 24 Mar 2018, 09:10 Bunuel niks18 Quote: If each person contributes equally to a$150 down payment, how much of the charter cost will each person still owe?

I know one can not doubt quality of OG questions, but does below sentence makes more sense?

Quote:
If each person contributes equally to a total of $150 down payment, how much of the charter cost will each person still owe? I was confused if each contributed$150 or $150 was total down payment together by 6 persons. _________________ It's the journey that brings us happiness not the destination. Feeling stressed, you are not alone!! Retired Moderator Joined: 25 Feb 2013 Posts: 1197 Location: India GPA: 3.82 Re: A certain fishing boat is chartered by 6 people who are to c [#permalink] ### Show Tags 24 Mar 2018, 09:18 1 adkikani wrote: Bunuel niks18 Quote: If each person contributes equally to a$150 down payment, how much of the charter cost will each person still owe?

I know one can not doubt quality of OG questions, but does below sentence makes more sense?

Quote:
If each person contributes equally to a total of $150 down payment, how much of the charter cost will each person still owe? I was confused if each contributed$150 or $150 was total down payment together by 6 persons. Hi adkikani Note the article used in the sentence "to a 150 down payment". this means only one down payment of 150 was made and each contributed to it. e-GMAT Representative Joined: 04 Jan 2015 Posts: 2943 Re: A certain fishing boat is chartered by 6 people who are to c [#permalink] ### Show Tags 27 Jun 2019, 05:58 Solution Given: • A certain fishing boat is chartered by 6 people • Each person contribute equally to the total charter cost of$480.
• Each person contributes equally to a $150 down payment To find: • How much of the charter cost will each person still owe? Approach and Working: • Cost of boat after paying the down payment =$480- $150 =$330
o Hence, each person will still owe = $$\frac{330}{6}$$ =\$55

Hence, the correct answer is option C.

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Re: A certain fishing boat is chartered by 6 people who are to c   [#permalink] 27 Jun 2019, 05:58
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