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

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Re: A certain fishing boat is chartered by 6 people who are to contribute [#permalink]
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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 Intern Joined: 18 Feb 2013 Posts: 21 Own Kudos [?]: 78 [1] Given Kudos: 14 GMAT 1: 710 Q49 V38 Re: A certain fishing boat is chartered by 6 people who are to contribute [#permalink] 1 Kudos C. 55 6 people to split 480 evenly, but 150 is already paid for 480-150=330 330/6=55 Manager Joined: 21 Mar 2011 Status:GMATting Posts: 96 Own Kudos [?]: 288 [2] Given Kudos: 104 Concentration: Strategy, Technology GMAT 1: 590 Q45 V27 Re: A certain fishing boat is chartered by 6 people who are to contribute [#permalink] 2 Kudos 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: 29 Own Kudos [?]: 27 [1] Given Kudos: 29 Concentration: Finance, General Management Schools: ISB '15 Re: A certain fishing boat is chartered by 6 people who are to contribute [#permalink] 1 Kudos Total Charter cost = 480 (-) down payment = (150) Amount to be paid = 330 Amount owed per person = 330/6 = 55 Answer is C SVP Joined: 27 May 2012 Posts: 1697 Own Kudos [?]: 1496 [1] Given Kudos: 639 Re: A certain fishing boat is chartered by 6 people who are to contribute [#permalink] 1 Kudos 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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Re: A certain fishing boat is chartered by 6 people who are to contribute [#permalink]
Easy one but sometimes easy one create trouble if not read carefully.

Total Charter Cost=480
Each person cost=480/6=$80 Initial Down payment = 150 Each person Initial Down Payment=150/6=25 Remaining per person= 80-25=55 So answer is C. Manager Joined: 01 Sep 2013 Status:suffer now and live forever as a champion!!! Posts: 87 Own Kudos [?]: 315 [0] Given Kudos: 74 Location: India Dheeraj: Madaraboina GPA: 3.5 WE:Information Technology (Computer Software) Re: A certain fishing boat is chartered by 6 people who are to contribute [#permalink] Total Charter cost = 480$;
equal share of 6 people = 480/6 = 80$; initial down payment = 150$;
shared by 6 people = 150/6 =25$; So, still they owe 80 -25 = 55$;
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Re: A certain fishing boat is chartered by 6 people who are to contribute [#permalink]
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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.

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

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

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 contribute [#permalink]
Top Contributor
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.

Cheers,
Brent
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Re: A certain fishing boat is chartered by 6 people who are to contribute [#permalink]
Total = 480

Total amount already payed =150

Remaining amount to be paid = (480-150)/6=55
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Re: A certain fishing boat is chartered by 6 people who are to contribute [#permalink]
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Re: A certain fishing boat is chartered by 6 people who are to contribute [#permalink]
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