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18 Apr 2022, 02:08
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Difficulty:
15%
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Question Stats:
82% (01:38) correct
18%
(01:42)
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based on 92
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A Nemeroff vodka salesman is paid a salary of $1000 per month and earns a 12% commission on all of his sales. What must his annual sales be in order for him to earn total annual compensation of exactly $33,600?
(A) $180,000
(B) $240,000
(C) $280,000
(D) $330,000
(E) $360,000
(A) $180,000
(B) $240,000
(C) $280,000
(D) $330,000
(E) $360,000
Updated on: 28 May 2022, 09:32
Originally posted by Archit3110 on 18 Apr 2022, 02:43.
Last edited by Archit3110 on 28 May 2022, 09:32, edited 1 time in total.
Last edited by Archit3110 on 28 May 2022, 09:32, edited 1 time in total.
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let x be commission
so expression shall be
12*1000 + .12x = 33600
solve for x = 18,000
option A
so expression shall be
12*1000 + .12x = 33600
solve for x = 18,000
option A
GMATNinja
A Nemeroff vodka salesman is paid a salary of $1000 per month and earns a 12% commission on all of his sales. What must his annual sales be in order for him to earn total annual compensation of exactly $33,600?
(A) $180,000
(B) $240,000
(C) $280,000
(D) $330,000
(E) $360,000
(A) $180,000
(B) $240,000
(C) $280,000
(D) $330,000
(E) $360,000
28 May 2022, 03:47
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Archit3110
let x be commission
so expression shall be
12*1000 + 1.2x = 33600
solve for x = 18,000
option A
GMATNinja ; for all answer options extra '0' has been added
Bunuel
A very useful habit to get into on the GMAT: when you're finished with a question (especially a percents question), ask yourself whether your answer is reasonable. Here we have a salesdude who earns more $33,600 in total compensation, and $21,600 in sales commissions. And you're saying that his sales should be $18,000 -- quite a bit less than his pay? That should set off alarm bells in your head right away.so expression shall be
12*1000 + 1.2x = 33600
solve for x = 18,000
option A
GMATNinja ; for all answer options extra '0' has been added
Bunuel
The part you're missing is the direct translation of the commission. We already know that his commission is $21,600, and we can translate this part literally:
- $21,600 is 12% of total sales
- Let x = total sales
- $21,600 = (12/100)x
Looks like you might have done something weird with the fraction, and turned 12/100 into 1.2?
I hope that helps!
