1996 AMC 8 Problem 23

Attempt Problem 23 of the 1996 AMC 8 below, then check your answer against the professionally curated solution from LIVE by Po-Shen Loh. You can also try the full timed exam, view all 1996 AMC 8 solutions, or check the answer key.

All problems are used with official legal permission of the Mathematical Association of America (MAA).

23.

The manager of a company planned to distribute a $50\$50 bonus to each employee from the company fund, but the fund contained $5\$5 less than what was needed. Instead the manager gave each employee a $45\$45 bonus and kept the remaining $95\$95 in the company fund. The amount of money in the company fund before any bonuses were paid was
$945\$945
$950\$950
$955\$955
$990\$990
$995\$995
Answer: E
Concepts:linear equation
Small hint:
Let nn be the number of employees; the fund equals 50n−550n - 5 and also 45n+9545n + 95
Big hint:
Set the two expressions for the fund equal to solve for n,n, then compute the fund
Solution:
Let nn be the number of employees. The fund is 50n−550n - 5 (five dollars short of 5050 each) and also 45n+95.45n + 95.
Setting 50n−5=45n+9550n - 5 = 45n + 95 gives 5n=100,5n = 100, so n=20.n = 20. The fund is 45⋅20+95=995.45 \cdot 20 + 95 = 995.
Thus, the correct answer is E .
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