An event was organized by an event management company and the entry fee per person was fixed at Rs 250/-. On average, 2 persons from each family participated in the program and there were 300 families participating in the event. 50% of the total amount received by the company from the entry fee was spent on the arrangement. What was the amount spent on the arrangement?

• A. Rs. 1,50,000
• B. Rs. 1,20,000
• C. Rs. 1,0,5000
• D. Rs. 75,000