GMAT Question of the Day - Daily to your Mailbox; hard ones only

 It is currently 16 Nov 2018, 19:23

### 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 November
PrevNext
SuMoTuWeThFrSa
28293031123
45678910
11121314151617
18192021222324
2526272829301
Open Detailed Calendar
• ### Free GMAT Strategy Webinar

November 17, 2018

November 17, 2018

07:00 AM PST

09:00 AM PST

Nov. 17, 7 AM PST. Aiming to score 760+? Attend this FREE session to learn how to Define your GMAT Strategy, Create your Study Plan and Master the Core Skills to excel on the GMAT.
• ### GMATbuster's Weekly GMAT Quant Quiz # 9

November 17, 2018

November 17, 2018

09:00 AM PST

11:00 AM PST

Join the Quiz Saturday November 17th, 9 AM PST. The Quiz will last approximately 2 hours. Make sure you are on time or you will be at a disadvantage.

### Show Tags

30 Oct 2017, 23:04
00:00

Difficulty:

35% (medium)

Question Stats:

71% (01:29) correct 29% (01:40) wrong based on 73 sessions

### HideShow timer Statistics

A company makes a profit of 6 percent on its first $1,000 of sales each day, and 5 percent on all sales in excess of$1,000 for that day. How many dollars in profit will the company make on a day when sales are S dollars if S is greater than 1,000?

(A) 0.05S
(B) 0.06S
(C) 110
(D) 10 + 0.05S
(E) 60 + 0.05S

_________________
Director
Joined: 18 Aug 2016
Posts: 625
Concentration: Strategy, Technology
GMAT 1: 630 Q47 V29
GMAT 2: 740 Q51 V38

### Show Tags

01 Nov 2017, 16:07
1
Bunuel wrote:
A company makes a profit of 6 percent on its first $1,000 of sales each day, and 5 percent on all sales in excess of$1,000 for that day. How many dollars in profit will the company make on a day when sales are S dollars if S is greater than 1,000?

(A) 0.05S
(B) 0.06S
(C) 110
(D) 10 + 0.05S
(E) 60 + 0.05S

We can create the expression for the total profit earned:

0.06(1000) + 0.05(S - 1000)

60 + 0.05S - 50

0.05S + 10

_________________

Scott Woodbury-Stewart
Founder and CEO

GMAT Quant Self-Study Course
500+ lessons 3000+ practice problems 800+ HD solutions

Senior Manager
Joined: 07 Jul 2012
Posts: 379
Location: India
Concentration: Finance, Accounting
GPA: 3.5

### Show Tags

02 Nov 2017, 03:39
Bunuel wrote:
A company makes a profit of 6 percent on its first $1,000 of sales each day, and 5 percent on all sales in excess of$1,000 for that day. How many dollars in profit will the company make on a day when sales are S dollars if S is greater than 1,000?

(A) 0.05S
(B) 0.06S
(C) 110
(D) 10 + 0.05S
(E) 60 + 0.05S

Or just plug in some values to find out:

Say S = 1100
For the first 1000, profit is 6% i.e. $60 For the next 100, profit is 5% i.e.$5
Total profit is $65 Plug in 1100 in the options and you see that option (D) will give you 65. Answer (D) _________________ Karishma Veritas Prep GMAT Instructor Learn more about how Veritas Prep can help you achieve a great GMAT score by checking out their GMAT Prep Options > GMAT self-study has never been more personalized or more fun. Try ORION Free! Re: A company makes a profit of 6 percent on its first$1,000 of sales eac &nbs [#permalink] 02 Nov 2017, 03:39
Display posts from previous: Sort by