Skip to Main Content
115

A project scheduled to be carried out

A project scheduled to be carried out over a single fiscal year has a budget of $12,600, divided into 12 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?

2 Explanations

69

Gravatar Mike McGarry, Magoosh Tutor

Dec 23, 2013 • Comment

Sergey Volchematiev

Other way is to notice that 4 months is a third of a year. Than they should have spent $12600/3=$4200 for these 4 months, and so they spent extra $4580-$4200=$380. It seems that it is easier to divide 12600 by 3 than by 12.

Nov 26, 2014 • Reply

Elias Toulany

Great trick!

Jan 5, 2017 • Reply

Mohammad Aasim

I pretty much agree with your point. Your proposition reduces steps in yeilding the right solution.

Aug 9, 2017 • Reply

5

spreha kanika

23rt

Nov 17, 2013 • Comment

Add Your Explanation

You must have a Magoosh account in order to leave an explanation.

Learn More About Magoosh

Official GMAT Material

Official Guide for GMAT Review 2016

Official Guide for the GMAT 13th Ed.

Official Guide for the GMAT 2015 14th Ed.

Nova's GRE Prep

Official Guide for the GMAT 12th Ed.

Revised GRE PDF 2nd Ed.


Section 5.3 Problem Solving

Section 5.3 Problem Solving

Improve Your Score

Magoosh GMAT is an affordable online course for studying the GMAT.

Learn More About Magoosh

Share Post

Email

Facebook