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A project scheduled to be carried out over a single fiscal year
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26 Aug 2022, 06:13
26 Aug 2022, 06:13
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Question Stats:
75% (00:42) correct
25% (01:08) wrong based on 4 sessions
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A project scheduled to be carried out over a single fiscal year has a budget of $12,600, divided into12 equal monthly allocations. At the end of the fourth month of that fiscal year, the total amount actually spent on the project was $4,580. By how much was the project over its budget?
(A) $380
(B) $540
(C) $1,050
(D) $1,380
(E) $1,430
(A) $380
(B) $540
(C) $1,050
(D) $1,380
(E) $1,430
Re: A project scheduled to be carried out over a single fiscal year
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26 Aug 2022, 06:44
26 Aug 2022, 06:44
1
Expert Reply
The budget for 4 months was \(\frac{$12,600}{12}*4=$4,200\). Thus, the project was \($4,580-$4,200=$380\) over budget for the first 4 months.
Answer: A.
Answer: A.
gmatclubot
Re: A project scheduled to be carried out over a single fiscal year [#permalink]
26 Aug 2022, 06:44
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