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Bunuel
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A baseball player signs a new contract that includes a guaranteed 10 04 Nov 2019, 04:05
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A baseball player signs a new contract that includes a guaranteed 10 percent increase in salary over his old contract, plus a performance bonus of up to $500. If he earns the maximum possible performance bonus, his new salary including bonus will be equivalent to a 12 percent increase over his old salary. Assuming he earns the full bonus, what will his total new salary be, in dollars?

(A) 24,500
(B) 25,000
(C) 27,500
(D) 28,000
(E) 28,500


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D
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A baseball player signs a new contract that includes a guaranteed 10 04 Nov 2019, 04:14
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Bunuel
A baseball player signs a new contract that includes a guaranteed 10 percent increase in salary over his old contract, plus a performance bonus of up to $500. If he earns the maximum possible performance bonus, his new salary including bonus will be equivalent to a 12 percent increase over his old salary. Assuming he earns the full bonus, what will his total new salary be, in dollars?

(A) 24,500
(B) 25,000
(C) 27,500
(D) 28,000
(E) 28,500


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let old salary = x
so
given
1.1x+500=1.2x
x= 25000
so new salary ; 27500+500 ; 28000
IMO D
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A baseball player signs a new contract that includes a guaranteed 10 04 Nov 2019, 10:33
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Bunuel
A baseball player signs a new contract that includes a guaranteed 10 percent increase in salary over his old contract, plus a performance bonus of up to $500. If he earns the maximum possible performance bonus, his new salary including bonus will be equivalent to a 12 percent increase over his old salary. Assuming he earns the full bonus, what will his total new salary be, in dollars?

(A) 24,500
(B) 25,000
(C) 27,500
(D) 28,000
(E) 28,500


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Let the old salary = x
New salary with full bonus = 1.1x + 500

Given, his new salary including bonus will be equivalent to a 12 percent increase over his old salary.
—> 1.1x + 500 = 1.12x
—> 0.02x = 500
—> x = 500/0.02 = 50000/2 = 25000

New salary including bonus = 1.1*25000 + 500 = 27500 + 500 = 28000

IMO Option D

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A baseball player signs a new contract that includes a guaranteed 10 05 Feb 2020, 05:46
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Bunuel
A baseball player signs a new contract that includes a guaranteed 10 percent increase in salary over his old contract, plus a performance bonus of up to $500. If he earns the maximum possible performance bonus, his new salary including bonus will be equivalent to a 12 percent increase over his old salary. Assuming he earns the full bonus, what will his total new salary be, in dollars?

(A) 24,500
(B) 25,000
(C) 27,500
(D) 28,000
(E) 28,500


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We see that the maximum bonus of $500 is equivalent to 12 - 2 = 2 percent of his old salary. Therefore, letting s = his old salary, we can create the equation:

0.02s = 500

s = 500/0.02 = 50,000/2 = 25,000

Since his new salary (including the maximum bonus) is 12 percent more than his old salary, his new salary is 25,000 x 1.12 = $28,000.

Answer: D
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A baseball player signs a new contract that includes a guaranteed 10 23 Nov 2022, 12:25
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Should we consider the 500 bonus as part of his salary? I understand that it gives the correct answer but I'm a bit confused about the way this question is framed.
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A baseball player signs a new contract that includes a guaranteed 10 14 Oct 2025, 08:52
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Why do we have to add the bonus if we are told to find out the new salary
We werent told to find out his new total income
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A baseball player signs a new contract that includes a guaranteed 10 06 Nov 2025, 00:18
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Bunuel
A baseball player signs a new contract that includes a guaranteed 10 percent increase in salary over his old contract, plus a performance bonus of up to $500. If he earns the maximum possible performance bonus, his new salary including bonus will be equivalent to a 12 percent increase over his old salary. Assuming he earns the full bonus, what will his total new salary be, in dollars?

(A) 24,500
(B) 25,000
(C) 27,500
(D) 28,000
(E) 28,500


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The two percent increase in his overall salary is because of the performance bonus of 500.
500 = 0.02 (old salary)
old salary = 25,000

New salary is 10 percent of this = 25,000 + 2,500 = 27,500
Adding bonus to this = 27,500 + 500 = 28,000
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A baseball player signs a new contract that includes a guaranteed 10 06 Nov 2025, 00:21
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purplex
Should we consider the 500 bonus as part of his salary? I understand that it gives the correct answer but I'm a bit confused about the way this question is framed.
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I believe it's because of this part in the question - Assuming he earns the full bonus, what will his total new salary be, in dollars?
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