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

Question

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

(A) $80
(B) $66
(C) $55
(D) $50
(E) $45

AKG1593 · Accepted Answer

Per person cost=480/6=80
Paid as downpayment=150/6=25
Remaining cost per person=80-25=55
Ans C

Posted from my mobile device

Bunuel · Answer

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

(A) $80
(B) $66
(C) $55
(D) $50
(E) $45

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

Answer: C.

thefibonacci · Answer

(480 - 150)/6 = 55

option C

DoItRight · Answer

C. 55

6 people to split 480 evenly, but 150 is already paid for
480-150=330
330/6=55

nutshell · Answer

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).

harishbiyani · Answer

Total Charter cost = 480
(-) down payment =  (150)

Amount to be paid = 330

Amount owed per person = 330/6 = 55

Answer is C

stne · Answer

480-150=330
330/6= 55

Answer is C.

vikrantgulia · Answer

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
So answer is C.

dheeraj24 · Answer

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$;

ScottTargetTestPrep · Answer

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

adkikani · Answer

Bunuel   niks18

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

I was confused if each contributed $150 or $150 was total down payment together by 6 persons.

niks18 · Answer

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.

EgmatQuantExpert · Answer

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

BrentGMATPrepNow · Answer

$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

Abhi942 · Answer

Total = 480

Total amount already payed =150

Remaining amount to be paid = (480-150)/6=55

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

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