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

 It is currently 04 May 2015, 01:06

### 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

# Each week a certain salesman is paid a fixed amount equal to

Author Message
TAGS:
Manager
Joined: 06 Jun 2012
Posts: 150
Followers: 0

Kudos [?]: 73 [0], given: 37

Each week a certain salesman is paid a fixed amount equal to [#permalink]  21 Jul 2012, 11:30
5
This post was
BOOKMARKED
00:00

Difficulty:

45% (medium)

Question Stats:

60% (02:14) correct 40% (01:06) wrong based on 411 sessions
Each week a certain salesman is paid a fixed amount equal to $300, plus a commission equal to 5 percent of the amount of his sales that week over$1,000. What is the total amount the salesman was paid last week?

(1) The total amount the salesman was paid last week is equal to 10 percent of the amount of his sales last week.
(2) The salesman's sales last week totaled $5,000. [Reveal] Spoiler: OG says answer is D. I am confused with their explanation for the statement 1. profit = .10Sales and profit = 300 + 0.05(S-1000). And thats how they solve both the equations. What i don't understand is what if Sale for that week is 500 or less than 1000. He doesn't earn any commission and there isn't any statement which says that he has a penalty. So ideally it should be only 300. But above with above equation he will earn less than 300. Can someone please explain !!! [Reveal] Spoiler: OA _________________ Please give Kudos if you like the post Math Expert Joined: 02 Sep 2009 Posts: 27170 Followers: 4226 Kudos [?]: 40971 [3] , given: 5576 Re: Each week a certain salesman is paid a fixed amount equal to [#permalink] 22 Jul 2012, 02:54 3 This post received KUDOS Expert's post 1 This post was BOOKMARKED summer101 wrote: Each week a certain salesman is paid a fixed amount equal to$300, plus a commission equal to 5 percent of the amount of his sales that week over $1,000. What is the total amount the salesman was paid last week? (1) The total amount the salesman was paid last week is equal to 10 percent of the amount of his sales last week. (2) The salesman's sales last week totaled$5,000.

OG says answer is D. I am confused with their explanation for the statement 1.
profit = .10Sales and profit = 300 + 0.05(S-1000). And thats how they solve both the equations.

What i don't understand is what if Sale for that week is 500 or less than 1000. He doesn't earn any commission and there isn't any statement which says that he has a penalty. So ideally it should be only 300. But above with above equation he will earn less than 300. Can someone please explain !!!

Each week a certain salesman is paid a fixed amount equal to $300, plus a commission equal to 5 percent of the amount of his sales that week over$1,000. What is the total amount the salesman was paid last week?

Say S is the amount of his sales that week, then:

If $$S\leq{1,000}$$, salesman's profit is $$300$$;
If $$S>1,000$$, salesman's profit is $$300+(S-1,000)*0.05$$.

So, no penalties there, just two cases for the profit: if $$S\leq{1,000}$$ then the profit is simply $300 and if $$S>1,000$$, then the profit is $$300+(S-1,000)*0.05$$. (1) The total amount the salesman was paid last week is equal to 10 percent of the amount of his sales last week. Given: $$profit=0.1*S$$. It's clear that S must be greater than$1,000, so we have that $$300+(S-1,000)*0.05=0.1S$$. We can calculate S, hence calculate the profit. Sufficient.

(2) The salesman's sales last week totaled $5,000. Directly gives the value of S, hence calculate the profit. Sufficient. Answer: D. Hope it's clear. _________________ Intern Joined: 05 Nov 2012 Posts: 36 Location: India Concentration: General Management, Finance GMAT 1: 700 Q47 V40 GPA: 3.5 Followers: 0 Kudos [?]: 6 [0], given: 5 Each week a certain salesman is made a fixed amount equal to$30 [#permalink]  13 Apr 2013, 08:31
Kindly advise what if the sales were less than USD 1000 , lets say the sales of a last week were USD 800.
How to check sufficiency of A then ??
VP
Status: Far, far away!
Joined: 02 Sep 2012
Posts: 1125
Location: Italy
Concentration: Finance, Entrepreneurship
GPA: 3.8
Followers: 140

Kudos [?]: 1352 [0], given: 219

Re: salesman [#permalink]  13 Apr 2013, 08:37
smoothnavigator wrote:
Kindly advise what if the sales were less than USD 1000 , lets say the sales of a last week were USD 800.
How to check sufficiency of A then ??

Statements 1 and 2 in DS never contradict each other.
_________________

It is beyond a doubt that all our knowledge that begins with experience.

Kant , Critique of Pure Reason

Tips and tricks: Inequalities , Mixture | Review: MGMAT workshop
Strategy: SmartGMAT v1.0 | Questions: Verbal challenge SC I-II- CR New SC set out !! , My Quant

Rules for Posting in the Verbal Forum - Rules for Posting in the Quant Forum[/size][/color][/b]

Intern
Joined: 05 Nov 2012
Posts: 36
Location: India
Concentration: General Management, Finance
GMAT 1: 700 Q47 V40
GPA: 3.5
Followers: 0

Kudos [?]: 6 [0], given: 5

Re: salesman [#permalink]  13 Apr 2013, 09:16
Zarrolou wrote:
smoothnavigator wrote:
Kindly advise what if the sales were less than USD 1000 , lets say the sales of a last week were USD 800.
How to check sufficiency of A then ??

Statements 1 and 2 in DS never contradict each other.

For explanation sake how to confirm statement 1 without any help from statement 2. Case being sales less than USD 1000.
I might be missing something but I would certainly like to know how to make statement 1 sufficient without any help from statement 2.
Manager
Status: Looking to improve
Joined: 15 Jan 2013
Posts: 177
GMAT 1: 530 Q43 V20
GMAT 2: 560 Q42 V25
GMAT 3: 650 Q48 V31
Followers: 1

Kudos [?]: 49 [2] , given: 65

Re: Each week a certain salesman is made a fixed amount equal to [#permalink]  13 Apr 2013, 09:35
2
KUDOS

Amount from the commission would be 0 and salesman would have made last week only $300. Typically in GMAT you take the question and statements as facts. //kudos please, if the above explanation is good. _________________ KUDOS is a way to say Thank You VP Status: Far, far away! Joined: 02 Sep 2012 Posts: 1125 Location: Italy Concentration: Finance, Entrepreneurship GPA: 3.8 Followers: 140 Kudos [?]: 1352 [1] , given: 219 Re: salesman [#permalink] 13 Apr 2013, 09:36 1 This post received KUDOS smoothnavigator wrote: For explanation sake how to confirm statement 1 without any help from statement 2. Case being sales less than USD 1000. I might be missing something but I would certainly like to know how to make statement 1 sufficient without any help from statement 2. Maybe I don't understand what you are trying to say... However from the text we can create the formula for the tot amount $$x=300+5%(Sales-1000)$$ Lets esamine statement 1:the total amount the salesman was paid last week is equal to 10 percent of the amount of these sales last week $$x=10%Sales$$ and we don't know nothing else, I haven't read stetement 2 and I cannot hypothesize the case with Sales<1000$ (there is no reason to do so, I have to take into consideration what the text says and nothing else).
$$300+0.05(S-1000)=0.1S$$ do some math and obtain the tot sales $$S = 5000$$ Sufficient.
I haven't read st 2 and I am able to answer, your "Case being sales less than USD 1000" is a consideration that goes against the info in the text. When you answer a question stick to the text: don't make any hypothesis that could compromize the answer.

_________________

It is beyond a doubt that all our knowledge that begins with experience.

Kant , Critique of Pure Reason

Tips and tricks: Inequalities , Mixture | Review: MGMAT workshop
Strategy: SmartGMAT v1.0 | Questions: Verbal challenge SC I-II- CR New SC set out !! , My Quant

Rules for Posting in the Verbal Forum - Rules for Posting in the Quant Forum[/size][/color][/b]

Intern
Joined: 05 Nov 2012
Posts: 36
Location: India
Concentration: General Management, Finance
GMAT 1: 700 Q47 V40
GPA: 3.5
Followers: 0

Kudos [?]: 6 [0], given: 5

Re: salesman [#permalink]  13 Apr 2013, 09:46
Zarrolou wrote:
smoothnavigator wrote:

For explanation sake how to confirm statement 1 without any help from statement 2. Case being sales less than USD 1000.
I might be missing something but I would certainly like to know how to make statement 1 sufficient without any help from statement 2.

Maybe I don't understand what you are trying to say...

However from the text we can create the formula for the tot amount $$x=300+5%(Sales-1000)$$
Lets esamine statement 1:the total amount the salesman was paid last week is equal to 10 percent of the amount of these sales last week
$$x=10%Sales$$ and we don't know nothing else, I haven't read stetement 2 and I cannot hypothesize the case with Sales<1000$(there is no reason to do so, I have to take into consideration what the text says and nothing else). $$300+0.05(S-1000)=0.1S$$ do some math and obtain the tot sales $$S = 5000$$ Sufficient. I haven't read st 2 and I am able to answer, your "Case being sales less than USD 1000" is a consideration that goes against the info in the text. When you answer a question stick to the text: don't make any hypothesis that could compromize the answer. Hope that I have answered your question, let me know Got the answer with many thanks. Senior Manager Joined: 25 Sep 2012 Posts: 276 Location: India Concentration: Strategy, Marketing Schools: Ivey '18 GMAT 1: 660 Q49 V31 GMAT 2: 680 Q48 V34 Followers: 0 Kudos [?]: 82 [1] , given: 237 Re: Each week a certain salesman is paid a fixed amount equal to [#permalink] 28 May 2014, 07:17 1 This post received KUDOS someone please edit the post and put the spoiler Math Expert Joined: 02 Sep 2009 Posts: 27170 Followers: 4226 Kudos [?]: 40971 [0], given: 5576 Re: Each week a certain salesman is paid a fixed amount equal to [#permalink] 28 May 2014, 08:35 Expert's post b2bt wrote: someone please edit the post and put the spoiler _____________ Done. Thank you. _________________ Re: Each week a certain salesman is paid a fixed amount equal to [#permalink] 28 May 2014, 08:35 Similar topics Replies Last post Similar Topics: 1 For each day at sea a sailor is paid a fixed sum. For each d 4 28 Apr 2014, 06:59 2 Each week a certain salesman is paid a fixed amount equal to 3 04 May 2011, 18:59 A certain salesperson's weekly salary is equal to a fixed 2 21 Feb 2011, 06:31 During each day last week, A person get paid at$12 each 1 05 May 2006, 21:51
Each week a certain salesman is made a fixed amount equal to 2 18 Mar 2006, 22:03
Display posts from previous: Sort by