gmatt1476 wrote:
A novelist pays her agent 15% of the royalties she receives from her novels. She pays her publicist 5% of the royalties, plus a yearly fee. Did the novelist pay more to her agent last year than she paid to her publicist?
(1) The publicist's yearly fee is $2,000.
(2)The novelist earned an average of $3,500 in royalties last year on each of her novels.
DS53541.01
1. Let royalties be presented as \(R\) and yearly fee of the publicist be presented as \(F\)
2. The agent is paid \(0.15R\) and publicist is paid \(0.05R + F\)
3. If the agent is paid more than the publicist the \(0.15R > 0.05R + F\)
--> \(0.10R > F\)
--> \(R > 10F\)
4. We need the value of \(R\) and \(F\) to answer the question
Statement - I (Insufficient)Gives us the value of \(F\) but not the value of \(R\)
Statement - II (Insufficient)1. This information does not tell us the number of novels sold hence we cannot find the value of \(R\)
2. Also, does not give us the value of \(F\)
Statement - I & II Combined (Insufficient)1. We get the value of \(F\)
2. But, does not tell us the number of novels sold hence we cannot find the value of \(R\)
Ans.
E