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05 Dec 2024, 01:30
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B
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
15%
(low)
Question Stats:
92% (02:05) correct
8%
(02:06)
wrong
based on 107
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Schools A and B are in the same town. Annual fee collected by school A from each student is $6720 which is comprised of basic fee and an additional maintenance fee which is 12% of the basic fee. School B has the same basic fee as school A but its maintenance charge is just 8% of the basic fee. A student studying in school B can save how much more as compared with a student from school A?
A. $120
B. $240
C. $360
D. $540
E. $720
A. $120
B. $240
C. $360
D. $540
E. $720
05 Dec 2024, 03:53
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We are told that the money paid by School A is $6720
Base fee + 12% on the base fee = 6720
Base fee(1+ 12/100) = 6720
Base fee = 6720/112 *100
= 6000
Base fee is same for both School A and B.
School B has an additional 8% on the base fee.
Hence, School B's fee would be : Base fee (1+ 8/100)
= 6000 (1+ 8/100)
= 6480
Differnce b/w school A and School B fees = 6720-6480 i.e 240
B is the correct answer
Base fee + 12% on the base fee = 6720
Base fee(1+ 12/100) = 6720
Base fee = 6720/112 *100
= 6000
Base fee is same for both School A and B.
School B has an additional 8% on the base fee.
Hence, School B's fee would be : Base fee (1+ 8/100)
= 6000 (1+ 8/100)
= 6480
Differnce b/w school A and School B fees = 6720-6480 i.e 240
B is the correct answer
05 Dec 2024, 04:31
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satavishamitra
Or you could simply just take the difference 12-8 which is 4%
So 4% of 6000 is 240
Hope it helps!
