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How much money did Day School D spend on operating expenses?

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How much money did Day School D spend on operating expenses? [#permalink]

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New post 25 Sep 2017, 12:24
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Question Stats:

69% (00:22) correct 31% (00:24) wrong based on 26 sessions

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How much money did Day School D spend on operating expenses?

(1) The total budget for the school was $9 million.
(2) The school spent $2,160,000 on student aid.
[Reveal] Spoiler: OA

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Re: How much money did Day School D spend on operating expenses? [#permalink]

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New post 25 Sep 2017, 20:16
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SajjadAhmad wrote:
How much money did Day School D spend on operating expenses?

(1) The total budget for the school was $9 million.
(2) The school spent $2,160,000 on student aid.



Hi..
Say total is x
Operating expenses are 63%of x or 0.63*x..
So we require to know x

Let's see what the statements tell us

1) total budget is $9 million.
The value of x is given directly..
So Ans is 0.63*9=$5.67 million
Sufficient

2) school spent $2.1 million on school aid..
So 24%of x =2.16...
Again x can be found ..
0.24x=2.16........x=216/24=9
So X is $9 million..
So 0.63x=0.63*9=$5.67 million
Sufficient

D
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Re: How much money did Day School D spend on operating expenses?   [#permalink] 25 Sep 2017, 20:16
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How much money did Day School D spend on operating expenses?

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