Author 
Message 
TAGS:

Hide Tags

Math Expert
Joined: 02 Sep 2009
Posts: 64314

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% (01:36) wrong based on 722 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.
_________________




Manager
Joined: 20 Dec 2013
Posts: 218
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
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).



Manager
Joined: 22 Jan 2014
Posts: 164
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



Intern
Joined: 27 Dec 2013
Posts: 31
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



VP
Joined: 27 May 2012
Posts: 1045

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.
_________________



Target Test Prep Representative
Status: Founder & CEO
Affiliations: Target Test Prep
Joined: 14 Oct 2015
Posts: 10669
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
_________________
5star 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.



Retired Moderator
Joined: 25 Feb 2013
Posts: 1124
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.



Math Expert
Joined: 02 Sep 2009
Posts: 64314

Re: A certain fishing boat is chartered by 6 people who are to c
[#permalink]
Show Tags
22 Jan 2014, 01:16
SOLUTIONA 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 \(\frac{480150}{6}=55\). Answer: C.
_________________



Math Expert
Joined: 02 Sep 2009
Posts: 64314

Re: A certain fishing boat is chartered by 6 people who are to c
[#permalink]
Show Tags
25 Jan 2014, 11:08
SOLUTIONA 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 \(\frac{480150}{6}=55\). Answer: C.
_________________



Manager
Joined: 18 Oct 2013
Posts: 66
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: 97
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$;



IIMA, IIMC School Moderator
Joined: 04 Sep 2016
Posts: 1428
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. Feeling stressed, you are not alone!!



eGMAT Representative
Joined: 04 Jan 2015
Posts: 3394

Re: A certain fishing boat is chartered by 6 people who are to c
[#permalink]
Show Tags
27 Jun 2019, 04:58
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. Answer: C
_________________



GMAT Club Legend
Joined: 11 Sep 2015
Posts: 4889
Location: Canada

A certain fishing boat is chartered by 6 people who are to c
[#permalink]
Show Tags
03 Dec 2019, 05:52
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
$480/6 = $80. So, each of the 6 people must contribute $80 to the total charter cost. $150/6 = $25. So, each of the 6 people contributes $25 to the $150 down payment. Amount each person still owes $80  $25 = $55. Answer: C Cheers, Brent
_________________
Test confidently with gmatprepnow.com



Intern
Joined: 06 Jul 2018
Posts: 8

Re: A certain fishing boat is chartered by 6 people who are to c
[#permalink]
Show Tags
06 Jan 2020, 08:52
Total = 480
Total amount already payed =150
Remaining amount to be paid = (480150)/6=55




Re: A certain fishing boat is chartered by 6 people who are to c
[#permalink]
06 Jan 2020, 08:52




