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1996 AMC 8 Question 23

AMC8 · 1996 AMC 8

Question 23

The manager of a company planned to distribute a $\$50$ bonus to each employee from the company fund, but the fund contained $\$5$ less than what was needed. Instead the manager gave each employee a $\$45$ bonus and kept the remaining $\$95$ in the company fund. The amount of money in the company fund before any bonuses were paid was
  1. $\$945$
  2. $\$950$
  3. $\$955$
  4. $\$990$
  5. $\$995$