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From the monthly planned marketing budget of a company, only 80% .....

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From the monthly planned marketing budget of a company, only 80% .....  [#permalink]

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New post 29 Nov 2018, 04:30
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A
B
C
D
E

Difficulty:

  55% (hard)

Question Stats:

60% (02:24) correct 40% (03:18) wrong based on 56 sessions

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From the monthly planned marketing budget of a company, only 80% was utilized. From the allocated budget, for marketing, 50% was spent on advertisement, 40% of the remaining budget was spent on new business expansion and the remaining $3600 was spent on adhoc expenses. What was the total amount of planned monthly budget?

    A. $10,000
    B. $12,000
    C. $15,000
    D. $17,500
    E. $20,000

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Re: From the monthly planned marketing budget of a company, only 80% .....  [#permalink]

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New post 29 Nov 2018, 06:13
Let the allocated budget be X.

50% spent on advertisement. Remaining is 0.5X
40% of the remaining on new business expansion 0.5X*0.4 = 0.2X. Remaining is 0.3X = 3600 = X = 12,000.

Given that only 80% was utilized.
Utilized budget = 12,000.
Planned budget = 15,000.

C is the answer.
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Re: From the monthly planned marketing budget of a company, only 80% .....  [#permalink]

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New post 03 Dec 2018, 02:06

Solution


Given:
    • From the monthly planned marketing budget of a company, only 80% was utilized
    • From the allocated budget, 50% spent on advertisement
    • 40% of the remaining was spent on new business expansion
    • Remaining $3600 was spent on ad-hoc expenses

To find:
    • The amount of planned monthly budget

Approach and Working:
Let us assume that the monthly planned budget was 100x.

Budget utilised = 80% of 100x = 80x
    • Spending on advertisement = 50% of 80x = 40x
      o Remaining budget = 80x – 40x = 40x

    • Spending on new business expansion = 40% of 40x = 16x
      o Remaining budget = 40x – 16x = 24x
      Given that, 24x = 3600
      Or, x = \(\frac{3600}{24} = 150\)

Therefore, the total planned budget = 100x = 100 x 150 = $15,000

Hence, the correct answer is option C.

Answer: C

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Re: From the monthly planned marketing budget of a company, only 80% .....   [#permalink] 03 Dec 2018, 02:06
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