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The table shows the amount budgeted and the amount spent for each
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18 Oct 2022, 02:28
18 Oct 2022, 02:28
Expert Reply
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Question Stats:
35% (01:22) correct
64% (01:32) wrong based on 14 sessions
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The table shows the amount budgeted and the amount spent for each of three accounts in a certain company.For which of these accounts did the amount spent differ from the amount budgeted by more than 6 percent of the amount budgeted ?
A. Payroll only
B. Taxes only
C. Insurance only
D. Payroll and Insurance
E. Taxes and Insurance
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GRE Math Essentials (2022)
GRE Geometry Formulas
GRE - Math Book
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GRE Math Essentials (2022)
GRE Geometry Formulas
GRE - Math Book
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Joined: 20 Feb 2017
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Re: The table shows the amount budgeted and the amount spent for each
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18 Oct 2022, 06:25
18 Oct 2022, 06:25
1
Expert Reply
In order to solve this problem,
Step 1: We need to calculate 6% of the amount budgeted for the various accounts.
Payroll - 6600
Taxes - 2400
Insurance - 150
Step 2: The range of the various departments are
Payroll - 103400 to 116000
Taxes - 37600 to 42400
Insurance - 2350 to 2650
From the values given in the question stem for the amount spent,
Payroll and Insurance have values outside the range. Hence Option D is our answer.
Step 1: We need to calculate 6% of the amount budgeted for the various accounts.
Payroll - 6600
Taxes - 2400
Insurance - 150
Step 2: The range of the various departments are
Payroll - 103400 to 116000
Taxes - 37600 to 42400
Insurance - 2350 to 2650
From the values given in the question stem for the amount spent,
Payroll and Insurance have values outside the range. Hence Option D is our answer.
gmatclubot
Re: The table shows the amount budgeted and the amount spent for each [#permalink]
18 Oct 2022, 06:25
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