Numerical Test Question 69 – Partnership funding contribution
Scenario
Three projects are funded by a departmental contribution, an external grant and a partner contribution. The partner pays whatever remains after the other two sources.
| Project | Total cost | Department contribution | External grant |
|---|---|---|---|
| A | £240,000 | 55% of total cost | £20,000 |
| B | £180,000 | 40% of total cost | £18,000 |
| C | £320,000 | 60% of total cost | £32,000 |
Question
How much must the partners contribute across all three projects?
- A. £286,000
- B. £274,000
- C. £254,000
- D. £264,000
Click to reveal the answer
Correct answer: B. £274,000
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