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# A certain company had a total annual expenditure of

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Math Expert
Joined: 02 Sep 2009
Posts: 58372

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17 Feb 2016, 04:30
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Difficulty:

5% (low)

Question Stats:

87% (01:24) correct 13% (01:29) wrong based on 163 sessions

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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. _________________ Senior Manager Joined: 20 Aug 2015 Posts: 387 Location: India GMAT 1: 760 Q50 V44 Re: A certain company had a total annual expenditure of [#permalink] ### Show Tags 23 Feb 2016, 03:46 2 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

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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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16 Feb 2018, 10:31
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 _________________ # Scott Woodbury-Stewart Founder and CEO Scott@TargetTestPrep.com 122 Reviews 5-star rated online GMAT quant self study course See why Target Test Prep is the top rated GMAT quant course on GMAT Club. Read Our Reviews If you find one of my posts helpful, please take a moment to click on the "Kudos" button. SVP Status: It's near - I can see. Joined: 13 Apr 2013 Posts: 1685 Location: India Concentration: International Business, Operations Schools: INSEAD Jan '19 GPA: 3.01 WE: Engineering (Real Estate) Re: A certain company had a total annual expenditure of [#permalink] ### Show Tags 21 Mar 2018, 02:58 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   [#permalink] 21 Mar 2018, 02:58
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