NEW HERE? LEARN MORE
closeclose
Last visit was: 23 Apr 2024, 14:40 It is currently 23 Apr 2024, 14:40
Decision Tracker
My Rewards
New posts
New comers' posts

Close
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Go to My Error Log Learn more
Close
Request Expert Reply
Confirm Cancel

A charitable organization has a goal of raising $300,000 in 100 days.

SORT BY:
Date
Kudos
Tags:
Find Similar Topics 
Show Tags
Hide Tags
User avatar
L
Bunuel
Math Expert
Joined: 02 Sep 2009
Posts: 92883
Own Kudos [?]: 618584 [0]
Given Kudos: 81563
Send PM
CAT Tests Forum Quiz Mode
A charitable organization has a goal of raising $300,000 in 100 days. [#permalink] New post   14 Oct 2019, 09:05
Expert Reply
00:00
A
B
C
D
E

Difficulty:

5% (low)

Question Stats:

94% (00:55) correct 6% (01:17) wrong based on 235 sessions
Hide Show timer Statistics
A charitable organization has a goal of raising $300,000 in 100 days. If it raised $200,000 in the first 60 days, what is the average (arithmetic mean) number of dollars per day that it must raise for the last 40 days in order to achieve its goal?

(A) $2,500
(B) $3,000
(C) $5,000
(D) $6,000
(E) $7,500
ShowHide Answer
Official Answer
A
User avatar
L
Abhishek009
Board of Directors
Joined: 11 Jun 2011
Status:QA & VA Forum Moderator
Posts: 6072
Own Kudos [?]: 4688 [0]
Given Kudos: 463
Location: India
GPA: 3.5
WE:Business Development (Commercial Banking)
Send PM
GMAT ToolKit User
Re: A charitable organization has a goal of raising $300,000 in 100 days. [#permalink] New post   14 Oct 2019, 09:23
Bunuel wrote:
A charitable organization has a goal of raising $300,000 in 100 days. If it raised $200,000 in the first 60 days, what is the average (arithmetic mean) number of dollars per day that it must raise for the last 40 days in order to achieve its goal?

(A) $2,500
(B) $3,000
(C) $5,000
(D) $6,000
(E) $7,500


\(\frac{$300,000 - $200,000}{100 - 60}\)

\(= \frac{$100,000}{40}\)

\(= $2,500\), Answer must be (A)
User avatar
L
siddharthkapoor
GMAT Club Reviews PM Intern
Joined: 10 Apr 2018
Posts: 532
Own Kudos [?]: 754 [0]
Given Kudos: 522
Location: India
Schools: ISB'22 (D)
GMAT 1: 680 Q48 V34
GPA: 3.3
Send PM
Reviews Badge
Re: A charitable organization has a goal of raising $300,000 in 100 days. [#permalink] New post   14 Oct 2019, 09:59
Bunuel wrote:
A charitable organization has a goal of raising $300,000 in 100 days. If it raised $200,000 in the first 60 days, what is the average (arithmetic mean) number of dollars per day that it must raise for the last 40 days in order to achieve its goal?

(A) $2,500
(B) $3,000
(C) $5,000
(D) $6,000
(E) $7,500


Average number of dollars per day to be raised in last 40 days = \(\frac{100000}{40}\)=2500

Therefore, the correct answer is option A.
User avatar
B
vivek920368
Intern
Intern
Joined: 09 Apr 2017
Posts: 41
Own Kudos [?]: 17 [0]
Given Kudos: 42
Location: India
Schools: HEC ESMT Mannheim WHU MBA
Send PM
Re: A charitable organization has a goal of raising $300,000 in 100 days. [#permalink] New post   14 Oct 2019, 11:15
Bunuel wrote:
A charitable organization has a goal of raising $300,000 in 100 days. If it raised $200,000 in the first 60 days, what is the average (arithmetic mean) number of dollars per day that it must raise for the last 40 days in order to achieve its goal?

(A) $2,500
(B) $3,000
(C) $5,000
(D) $6,000
(E) $7,500


remaining amount/remaining number of days = (300000 - 200000)/4 = 100000/40 = 2500
User avatar
L
daagh
GMAT Club Legend
GMAT Club Legend
Joined: 19 Feb 2007
Status: enjoying
Posts: 5265
Own Kudos [?]: 42103 [0]
Given Kudos: 422
Location: India
WE:Education (Education)
Send PM
Re: A charitable organization has a goal of raising $300,000 in 100 days. [#permalink] New post   14 Oct 2019, 11:43
Expert Reply
Top Contributor
30000-20000=10000/40 = 2.500 dollars per day; Ans: A.
User avatar
L
BrentGMATPrepNow
GMAT Club Legend
GMAT Club Legend
Joined: 12 Sep 2015
Posts: 6821
Own Kudos [?]: 29893 [0]
Given Kudos: 799
Location: Canada
Send PM
Re: A charitable organization has a goal of raising $300,000 in 100 days. [#permalink] New post   18 Feb 2020, 12:34
Expert Reply
Top Contributor
Bunuel wrote:
A charitable organization has a goal of raising $300,000 in 100 days. If it raised $200,000 in the first 60 days, what is the average (arithmetic mean) number of dollars per day that it must raise for the last 40 days in order to achieve its goal?

(A) $2,500
(B) $3,000
(C) $5,000
(D) $6,000
(E) $7,500


After 60 days, the organization has 40 days to raise an additional $100,000
So the average number of dollars per day it must raise = $100,000/40 = 10,000/4 = 2,500

Answer: A

Cheers,
Brent
User avatar
L
TheNightKing
VP
VP
Joined: 18 Dec 2017
Posts: 1170
Own Kudos [?]: 991 [0]
Given Kudos: 421
Location: United States (KS)
GMAT 1: 600 Q46 V27
Send PM
Re: A charitable organization has a goal of raising $300,000 in 100 days. [#permalink] New post   06 Mar 2020, 22:38
Bunuel wrote:
A charitable organization has a goal of raising $300,000 in 100 days. If it raised $200,000 in the first 60 days, what is the average (arithmetic mean) number of dollars per day that it must raise for the last 40 days in order to achieve its goal?

(A) $2,500
(B) $3,000
(C) $5,000
(D) $6,000
(E) $7,500


300 - 100 days

200 - 60 days

We need 100 in 40 days.

100/40=2.5
Which is 2500 if you consider the zeros we trimmed.

Option A.
User avatar
L
ScottTargetTestPrep
Target Test Prep Representative
Joined: 14 Oct 2015
Status:Founder & CEO
Affiliations: Target Test Prep
Posts: 18753
Own Kudos [?]: 22041 [0]
Given Kudos: 283
Location: United States (CA)
Send PM
Re: A charitable organization has a goal of raising $300,000 in 100 days. [#permalink] New post   12 Mar 2020, 06:54
Expert Reply
Bunuel wrote:
A charitable organization has a goal of raising $300,000 in 100 days. If it raised $200,000 in the first 60 days, what is the average (arithmetic mean) number of dollars per day that it must raise for the last 40 days in order to achieve its goal?

(A) $2,500
(B) $3,000
(C) $5,000
(D) $6,000
(E) $7,500


Since the organization has to raise $100,000 in the remaining 40 days, the average number of dollars per day that it must raise for the last 40 days in order to achieve its goal is 100,000/40 = $2,500.

Answer: A
GMAT Club Bot
gmatclubot
Re: A charitable organization has a goal of raising $300,000 in 100 days. [#permalink]
12 Mar 2020, 06:54
Moderators:
Bunuel
Math Expert
92883 posts
yashikaaggarwal
Senior Moderator - Masters Forum
3137 posts

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne
Main navigation
GMAT Resources
Partners
MBA Resources
www.gmac.com|www.mba.com | | GMAT Club Rules | Terms and Conditions