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This year , a city has allotted 60 percent of its budget for school ex

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Joined: 31 Oct 2013
Posts: 1116
Concentration: Accounting, Finance
GPA: 3.68
WE: Analyst (Accounting)
This year , a city has allotted 60 percent of its budget for school ex  [#permalink]

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New post 31 Jan 2019, 01:46
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This year , a city has allotted 60 percent of its budget for school expenditures ans it's budget is 15 percent higher than last year's budget of n dollars. In terms of n how many dollars of this year's budget has the city allotted for school expenditures ?

A) (0.6)(0.85n)

B) (0.6) (1.15n)

C)(0.6)/(1.15n)

D)0.85n/0.6

E)(0.4)(1.15n)
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Re: This year , a city has allotted 60 percent of its budget for school ex  [#permalink]

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New post 31 Jan 2019, 03:49
This year's budget = n+(15/100)n = 1.15n
60% of the allocated budget = 0.6(1.15n)

IMO B
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Re: This year , a city has allotted 60 percent of its budget for school ex   [#permalink] 31 Jan 2019, 03:49
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This year , a city has allotted 60 percent of its budget for school ex

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