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The cost of Penny’s retirement gift was shared equally by 25 employees
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04 Nov 2021, 06:29
04 Nov 2021, 06:29
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Question Stats:
85% (01:18) correct
14% (01:15) wrong based on 7 sessions
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The cost of Penny’s retirement gift was shared equally by 25 employees. If 5 more employees had joined the group purchase, the cost per employee would have been $15 less. What was the cost of the gift?
A $450
B $900
C $1,500
D $2,250
E $2,500
A $450
B $900
C $1,500
D $2,250
E $2,500
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Re: The cost of Penny’s retirement gift was shared equally by 25 employees
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04 Nov 2021, 07:40
04 Nov 2021, 07:40
Carcass wrote:
The cost of Penny’s retirement gift was shared equally by 25 employees. If 5 more employees had joined the group purchase, the cost per employee would have been $15 less. What was the cost of the gift?
A $450
B $900
C $1,500
D $2,250
E $2,500
A $450
B $900
C $1,500
D $2,250
E $2,500
If 5 more employees had joined the group purchase, the cost per employee would have been $15 less.
We can write of the following "word equation": (cost per person with 25 sharing the cost) - (cost per person with 30 sharing the cost) = $15
Let x = the cost of the gift
Substitute values into the word equation to get: x/25 - x/30 = 15
Eliminate the fraction by multiplying both sides of the equation by 150 (the LCM of 25 and 30) to get: 6x - 5x = 2250
Simplify: x = 2250
Answer: D
gmatclubot
Re: The cost of Penny’s retirement gift was shared equally by 25 employees [#permalink]
04 Nov 2021, 07:40
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