Find all School-related info fast with the new School-Specific MBA Forum

 It is currently 06 May 2015, 17:26

### GMAT Club Daily Prep

#### Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# A broker charged an average commission of 12 percent on two

Author Message
TAGS:
Senior Manager
Joined: 02 Oct 2005
Posts: 303
Followers: 1

Kudos [?]: 7 [0], given: 0

A broker charged an average commission of 12 percent on two [#permalink]  06 Nov 2005, 12:19
00:00

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions
A broker charged an average commission of 12 percent on two transactions: one for $600 and the other for$900. If his commission for the $900 transaction was 10 percent, what percent was his commission for the$600 transaction?

A) 1%

B) 12%

C) 13%

D) 14%

E) 15%
VP
Joined: 30 Sep 2004
Posts: 1490
Location: Germany
Followers: 4

Kudos [?]: 91 [0], given: 0

0,1*900+x*600=0,12*(600+900)...solve for x...
_________________

If your mind can conceive it and your heart can believe it, have faith that you can achieve it.

SVP
Joined: 28 May 2005
Posts: 1743
Location: Dhaka
Followers: 6

Kudos [?]: 72 [0], given: 0

total amount is 600 + 900 =1500.
12% of 1500 = 180

10% 0f 900 is 90. so commission on 600 was 90

so 90/600 is 15%

_________________

hey ya......

Current Student
Joined: 23 Oct 2005
Posts: 243
Schools: Cranfield SOM
Followers: 2

Kudos [?]: 13 [0], given: 2

Re: PS: Broker commission [#permalink]  07 Nov 2005, 06:58
sudhagar wrote:
A broker charged an average commission of 12 percent on two transactions: one for $600 and the other for$900. If his commission for the $900 transaction was 10 percent, what percent was his commission for the$600 transaction?

A) 1%

B) 12%

C) 13%

D) 14%

E) 15%

E = 15%.

Method of solving is same as Nakib's.
Senior Manager
Joined: 02 Oct 2005
Posts: 303
Followers: 1

Kudos [?]: 7 [0], given: 0

OA is E and the explanation is same as Nakib.
Similar topics Replies Last post
Similar
Topics:
5 An auction house charges a commission of 15% on the first 5 28 May 2012, 18:37
2 The table above shows the various charges made by two 4 28 Apr 2012, 20:42
1 If a brokerage firm charged a commission of 2% of the total 4 10 Jul 2011, 08:03
4 A salesperson received a commission of 3 percent of the sale 3 30 Jul 2010, 06:45
An acution house charges a commission of 15 percent on the 7 25 Feb 2007, 12:01
Display posts from previous: Sort by