GMAT Problem Solving
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Source: GWD
Level: 3
Company K has an annual budget for a certain project, and 1/5 of this budget was spent during the first quarter of the year. If 1/8 of the remainder of the budget was spent during the second quarter, what fraction of the budget was left at the end of the second quarter?
- A 42195
- B 31/40
- C 27/40
- D 42073
- E 9/40