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A prize of $600
[#permalink]
15 Apr 2021, 02:22
15 Apr 2021, 02:22
Expert Reply
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Question Stats:
75% (01:47) correct
25% (01:30) wrong based on 8 sessions
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A prize of $600 is to be distributed among 20 winners, each of whom must be awarded at least $20. If 2/5 of the prize will be distributed to 3/5 of the winners, what is the greatest possible individual award ?
A. $20
B. $25
C. $ 200
D. $220
E. $300
Kudos for the right answer and explanation
Question part of the project GRE Quantitative Reasoning Daily Challenge - (2021) EDITION
GRE - Math Book
A. $20
B. $25
C. $ 200
D. $220
E. $300
Kudos for the right answer and explanation
Question part of the project GRE Quantitative Reasoning Daily Challenge - (2021) EDITION
GRE - Math Book
A prize of $600
[#permalink]
15 Apr 2021, 04:23
15 Apr 2021, 04:23
Quote:
2/5 of the prize will be distributed to 3/5 of the winners
This means $240 is given to 12 winners.
Quote:
what is the greatest possible individual award ?
Minimise prize of 11 of them to get the maximum prize one could get in this group of 12.
Quote:
each of whom must be awarded at least $20
Suppose each of 11 gets 20, then maximum prize one could get = 240 - 11*20 = 20.
A could be an answer, isn't so? Wait, let's look at the remaining 8 winners.
The remaining prize $360 must be given to 8 winners.
Again, suppose each of 7 gets 20, then maximum prize one could get = 360 - 7*20 = 220. Oh!
Hence, D is the correct answer.
gmatclubot
A prize of $600 [#permalink]
15 Apr 2021, 04:23
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