Correct answer:
A
According to the table on the Funding Sources tab, three teams have a Percent Funded figure exceeding 100%: Gymnastics, Soccer, and Track and Field. For each of these, we can calculate the amount of extra money generated by the respective team. The first tab indicates that there are four funding sources and that individual endorsements are not part of the overall team calculations, leaving three funding sources: TV rights, team sponsors, and government funding. These three sources are all detailed in the second tab. (Note that none of the three will receive government funding because all three already exceed 100% of their own expenses.)
Gymnastics:
The gymnastics team has a total of 1,100 + 890 = 1,990 in funding and this represents 115% of the team's monetary needs, or 1,990 = 1.15x. The actual amount needed, then, is 1,990 / 1.15 = 1,730, and the surplus is 1,990 - 1,730 = 260. (Note that we can round our calculations because the problem asks for the approximate level of surplus funding.)
Soccer:
The Soccer team has a total of 1,800 + 1,300 = 3,100 in funding and this represents 126% of the team's monetary needs. The actual amount needed, then, is 3,100 / 1.26 = 2,460, and the surplus is 3,100 - 2,460 = 640.
Track and Field:
The Track and Field team has 1,000 + 345 = 1,345 in funding and this represents 103% of the team's monetary needs. The actual amount needed, then, is 1,345 / 1.03 = 1,306, and the surplus is 1,345 - 1,306 = 39.
Total Surplus:
The total surplus is 260 + 640 + 39 = 939, or approximately 940.
The correct answer is A.