A college has raised of the amount it needs for a new building by receiving an average donation of \ 600 60\%$ of the people the college will ask for donations. If the college is to raise exactly the amount needed for the new building, what would be the average donation from the remaining people to be solicited?
- A\ 300$
- B\ 700$
- C\ 400$
- D\ 500$
Solution & Step-by-step Explanation
Let the total amount needed for the building be and the total number of people to be asked be .
From the given information:
* People already solicited = of
* Amount already raised = of
* Average donation of those solicited = \ 600 $
Now, let's find the remaining requirements:
* Remaining amount to be raised = of
* Remaining people to be solicited = of
Let the required average donation from the remaining people be .
From the given information:
* People already solicited = of
* Amount already raised = of
* Average donation of those solicited = \ 600 $
Now, let's find the remaining requirements:
* Remaining amount to be raised = of
* Remaining people to be solicited = of
Let the required average donation from the remaining people be .