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Last Updated on May 11, 2023
GMAT OFFICIAL GUIDE PS
Solution:
Let’s take 6% of each value budgeted:
Payroll:
110,000 x 0.06 = 6600
Since 117000 – 110,000 = 7,000, the amount spent differed by more than 6% of the amount budgeted.
Taxes:
40,000 x 0.06 = 2,400
Since 42,000 – 40,000 = 2,000, the amount spent DID NOT differ by more than 6% of the amount budgeted.
Insurance:
2,500 x 0.06 = 150
Since 2,500 – 2,340 = 160, the amount spent differed by more than 6% of the amount budgeted.
Answer: D
