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27 Oct 2016, 05:09
Kudos
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C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
85%
(hard)
Question Stats:
56% (02:35) correct
44%
(03:05)
wrong
based on 358
sessions
History
Date
Time
Result
Not Attempted Yet
Donald has $520,000 in campaign money available to spend on advertising for the month of October, and his advisers are telling him that he should spend a minimum of $360,000 in the battleground states of Ohio, Florida, Virginia, and North Carolina. If he plans to spend the minimum amount in battleground states to appease his advisers, plus impress his friends by a big ad spend specific to New York City (and then he will skip advertising in the rest of the country), how much money will he have remaining if he wants 20% of his ad spend to take place in New York City?
(A) $45,000
(B) $52,000
(C) $70,000
(D) $90,000
(E) $104,000
(A) $45,000
(B) $52,000
(C) $70,000
(D) $90,000
(E) $104,000
30 Jan 2017, 17:53
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Bunuel
We are given that Donald spends on advertising in battleground states and New York City only. We are also given that he plans to spend $360,000 in the battleground states and 20% in New York City. Since he only spends the money in battleground states and New York City, the $360,000 he plans to spend in battleground states is 80% of the total he plans to spend on advertising. If we let x = the total he he plans to spend on advertising, then:
360,000 = 0.8x
x = 360,000/0.8 = 3,600,000/8 = 450,000
Since he has $520,000 available and he plans to spend $450,000, he will have 520,000 - 450,000 = $70,000 left.
Answer: C
General Discussion
27 Oct 2016, 10:28
Kudos
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Bunuel
Let x be the amount that he spends in NYC. He wants x to be 20% of his total ad spending, so \(\frac{x}{360k+x}=.2\). Multiplying both sides by 360 + x and solving, x = 90k. After spending 360k in battleground states, and 90k in NYC, he's spent a total of 450k, leaving 70k leftover.
Answer: C
