Of the mutual funds on a “select list,” 1/3 have 5-star ratings, and 2/5 of the remaining funds have 4-star ratings. If the remaining 400 funds on the list have 3-star ratings, how many funds are on the list?  Choose the correct choice from the following answers:
A) 500  B) 750  C) 1,000  D) 1,200  E) 1,500
1,000   Fraction of 5- and 4-star funds: 1/3 + (2/5)*(2/3) = 5/15 + 4/15 = 9/15   Fraction of 3-star funds = 1 - 9/15 = 6/15   (6/15)*Total = 400   Total = 1000
<result>C</result>
Of the mutual funds on a “select list,” 1/3 have 5-star ratings, and 2/5 of the remaining funds have 4-star ratings. If the remaining 400 funds on the list have 3-star ratings, how many funds are on the list?