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A certain company had a total annual expenditure of

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A certain company had a total annual expenditure of  [#permalink]

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New post 17 Feb 2016, 03:30
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Question Stats:

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A certain company had a total annual expenditure of 1.7∗10^7 on employee salaries last year. If the company employed 425 people, what was the average employee salary?

A. $20,000
B. $25,000
C. $35,000
D. $40,000
E. $45,000


Kudos for correct solution.

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Re: A certain company had a total annual expenditure of  [#permalink]

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New post 23 Feb 2016, 02:46
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Bunuel wrote:
A certain company had a total annual expenditure of 1.7∗10^7 on employee salaries last year. If the company employed 425 people, what was the average employee salary?

A. $20,000
B. $25,000
C. $35,000
D. $40,000
E. $45,000

Kudos for correct solution.


Given: Total annual expenditure of 1.7∗10^7 on employee salaries
Total employees = 425

This question can be solved by making numbers favorable to division. If we go for a direct division, we might waste precious time.
Observe that 425*4 = 1700
Therefore try to bring the numerator in terms of 1700

Average salary = (1700*10^4) /425 = 4*10^4 = 40,000
Option D
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Re: A certain company had a total annual expenditure of  [#permalink]

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New post 16 Feb 2018, 09:31
Bunuel wrote:
A certain company had a total annual expenditure of 1.7∗10^7 on employee salaries last year. If the company employed 425 people, what was the average employee salary?

A. $20,000
B. $25,000
C. $35,000
D. $40,000
E. $45,000


The average spent per employee last year was:

17,000,000/425 = 40,000

Answer: D
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Re: A certain company had a total annual expenditure of  [#permalink]

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New post 21 Mar 2018, 01:58
Bunuel wrote:
A certain company had a total annual expenditure of 1.7∗10^7 on employee salaries last year. If the company employed 425 people, what was the average employee salary?

A. $20,000
B. $25,000
C. $35,000
D. $40,000
E. $45,000


Kudos for correct solution.


Average salary =\(\frac{1.7 * 10^7}{425}\)

Or, \(\frac{1700 * 10000}{425}\)

\(4 * 10000\)

\(40000\)

(D)
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Re: A certain company had a total annual expenditure of &nbs [#permalink] 21 Mar 2018, 01:58
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