January 21, 2019 January 21, 2019 10:00 PM PST 11:00 PM PST Mark your calendars  All GMAT Club Tests are free and open January 21st for celebrate Martin Luther King Jr.'s Birthday. January 22, 2019 January 22, 2019 10:00 PM PST 11:00 PM PST In case you didn’t notice, we recently held the 1st ever GMAT game show and it was awesome! See who won a full GMAT course, and register to the next one.
Author 
Message 
TAGS:

Hide Tags

Math Expert
Joined: 02 Sep 2009
Posts: 52343

A certain fishing boat is chartered by 6 people who are to c
[#permalink]
Show Tags
22 Jan 2014, 01:16
Question Stats:
91% (01:11) correct 9% (01:40) wrong based on 691 sessions
HideShow timer Statistics
The Official Guide For GMAT® Quantitative Review, 2ND EditionA 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 ProjectEach 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!
Official Answer and Stats are available only to registered users. Register/ Login.
_________________
New to the Math Forum? Please read this: Ultimate GMAT Quantitative Megathread  All You Need for Quant  PLEASE READ AND FOLLOW: 12 Rules for Posting!!! Resources: GMAT Math Book  Triangles  Polygons  Coordinate Geometry  Factorials  Circles  Number Theory  Remainders; 8. Overlapping Sets  PDF of Math Book; 10. Remainders  GMAT Prep Software Analysis  SEVEN SAMURAI OF 2012 (BEST DISCUSSIONS)  Tricky questions from previous years.
Collection of Questions: PS: 1. Tough and Tricky questions; 2. Hard questions; 3. Hard questions part 2; 4. Standard deviation; 5. Tough Problem Solving Questions With Solutions; 6. Probability and Combinations Questions With Solutions; 7 Tough and tricky exponents and roots questions; 8 12 Easy Pieces (or not?); 9 Bakers' Dozen; 10 Algebra set. ,11 Mixed Questions, 12 Fresh Meat DS: 1. DS tough questions; 2. DS tough questions part 2; 3. DS tough questions part 3; 4. DS Standard deviation; 5. Inequalities; 6. 700+ GMAT Data Sufficiency Questions With Explanations; 7 Tough and tricky exponents and roots questions; 8 The Discreet Charm of the DS; 9 Devil's Dozen!!!; 10 Number Properties set., 11 New DS set.
What are GMAT Club Tests? Extrahard Quant Tests with Brilliant Analytics



Math Expert
Joined: 02 Sep 2009
Posts: 52343

Re: A certain fishing boat is chartered by 6 people who are to c
[#permalink]
Show Tags
22 Jan 2014, 01:16



Manager
Joined: 20 Dec 2013
Posts: 231
Location: India

Re: A certain fishing boat is chartered by 6 people who are to c
[#permalink]
Show Tags
22 Jan 2014, 08:29
Per person cost=480/6=80 Paid as downpayment=150/6=25 Remaining cost per person=8025=55 Ans C
Posted from my mobile device



Manager
Joined: 22 Jan 2014
Posts: 174
WE: Project Management (Computer Hardware)

Re: A certain fishing boat is chartered by 6 people who are to c
[#permalink]
Show Tags
22 Jan 2014, 10:13
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

Re: A certain fishing boat is chartered by 6 people who are to c
[#permalink]
Show Tags
22 Jan 2014, 16:21
C. 55
6 people to split 480 evenly, but 150 is already paid for 480150=330 330/6=55



Manager
Status: GMATting
Joined: 21 Mar 2011
Posts: 105
Concentration: Strategy, Technology

Re: A certain fishing boat is chartered by 6 people who are to c
[#permalink]
Show Tags
22 Jan 2014, 20:17
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

Re: A certain fishing boat is chartered by 6 people who are to c
[#permalink]
Show Tags
22 Jan 2014, 22:47
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: 668

Re: A certain fishing boat is chartered by 6 people who are to c
[#permalink]
Show Tags
23 Jan 2014, 05:45
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
480150=330 330/6= 55 Answer is C.
_________________
 Stne



Math Expert
Joined: 02 Sep 2009
Posts: 52343

Re: A certain fishing boat is chartered by 6 people who are to c
[#permalink]
Show Tags
25 Jan 2014, 11:08



Manager
Joined: 18 Oct 2013
Posts: 71
Location: India
Concentration: Technology, Finance
Schools: Duke '16, Johnson '16, Kelley '16, Tepper '16, Marshall '16, McDonough '16, Insead '14, HKUST '16, HSG '15, Schulich '15, Erasmus '16, IE April'15, Neeley '15
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, 06:32
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= 8025=55 So answer is C.



Manager
Status: suffer now and live forever as a champion!!!
Joined: 01 Sep 2013
Posts: 107
Location: India
Dheeraj: Madaraboina
GPA: 3.5
WE: Information Technology (Computer Software)

Re: A certain fishing boat is chartered by 6 people who are to c
[#permalink]
Show Tags
23 Apr 2014, 06:34
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: 4557
Location: United States (CA)

Re: A certain fishing boat is chartered by 6 people who are to c
[#permalink]
Show Tags
04 Apr 2017, 15:21
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 WoodburyStewart
Founder and CEO
GMAT Quant SelfStudy Course
500+ lessons 3000+ practice problems 800+ HD solutions



Study Buddy Forum Moderator
Joined: 04 Sep 2016
Posts: 1299
Location: India
WE: Engineering (Other)

A certain fishing boat is chartered by 6 people who are to c
[#permalink]
Show Tags
24 Mar 2018, 08:10
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.



Retired Moderator
Joined: 25 Feb 2013
Posts: 1220
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, 08:18
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 adkikaniNote 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.




Re: A certain fishing boat is chartered by 6 people who are to c &nbs
[#permalink]
24 Mar 2018, 08:18






