Of the mutual funds on a “select list,” 1/2 have 5-star ratings, and 2/5 of the remaining funds have 4-star ratings. If the remaining 300 funds on the list have 3-star ratings, how many funds are on the list? Choose the correct choice from the following choices:
A) 500
B) 750
C) 1,000
D) 1,200
E) 1,500
1,000   Fraction of 5- and 4-star funds: 1/2 + (2/5)*(1/2) = 1/2 + 1/5 = 7/10   Fraction of 3-star funds = 1 - 7/10 = 3/10   (3/10)*Total = 300   Total = 1000
<result>C</result>
Of the mutual funds on a “select list,” 1/2 have 5-star ratings, and 2/5 of the remaining funds have 4-star ratings. If the remaining 300 funds on the list have 3-star ratings, how many funds are on the list?