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24 Aug 2013, 15:33
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C
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Difficulty:
35%
(medium)
Question Stats:
76% (02:58) correct
24%
(03:08)
wrong
based on 156
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A professional athlete was offered a three-year contract to play with Team K that provided for an annual salary of $100,000 in the first year, an increase in annual salary of 20% over the previous year for the next two years, and a bonus of $50,000 on signing. Team L offered a three-year contract providing for an annual salary of $150,000 in the first year, an increase in annual salary of 10% over the previous year for the next two years, and no signing bonus. If he accepts the offer of Team L and fulfills the three-year contract terms, the athlete will receive how much more money by choosing Team L over Team K ?
(A) $32,500
(B) $50,000
(C) $82,500
(D) $92,000
(E) $100,000
(A) $32,500
(B) $50,000
(C) $82,500
(D) $92,000
(E) $100,000
25 Aug 2013, 05:39
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Asifpirlo
A professional athlete was offered a three-year contract to play with Team K that provided for an annual salary of $100,000 in the first year, an increase in annual salary of 20% over the previous year for the next two years, and a bonus of $50,000 on signing. Team L offered a three-year contract providing for an annual salary of $150,000 in the first year, an increase in annual salary of 10% over the previous year for the next two years, and no signing bonus. If he accepts the offer of Team L and fulfills the three-year contract terms, the athlete will receive how much more money by choosing Team L over Team K ?
(A) $32,500
(B) $50,000
(C) $82,500
(D) $92,000
(E) $100,000
(A) $32,500
(B) $50,000
(C) $82,500
(D) $92,000
(E) $100,000
Team K's contract = $100,000 + $100,000*1.2 + $100,000*1.2*1.2 + $50,000 = $414,000
Team L's contract = $150,000 + $150,000*1.1 + $150,000*1.1*1.1 = $496,500
The difference = $82,500.
Answer: C.
26 Aug 2013, 01:30
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Bunuel
Asifpirlo
A professional athlete was offered a three-year contract to play with Team K that provided for an annual salary of $100,000 in the first year, an increase in annual salary of 20% over the previous year for the next two years, and a bonus of $50,000 on signing. Team L offered a three-year contract providing for an annual salary of $150,000 in the first year, an increase in annual salary of 10% over the previous year for the next two years, and no signing bonus. If he accepts the offer of Team L and fulfills the three-year contract terms, the athlete will receive how much more money by choosing Team L over Team K ?
(A) $32,500
(B) $50,000
(C) $82,500
(D) $92,000
(E) $100,000
(A) $32,500
(B) $50,000
(C) $82,500
(D) $92,000
(E) $100,000
Team K's contract = $100,000 + $100,000*1.2 + $100,000*1.2*1.2 + $50,000 = $414,000
Team L's contract = $150,000 + $150,000*1.1 + $150,000*1.1*1.1 = $496,500
The difference = $82,500.
Answer: C.
Bunuel is this a gmat standard question?
it's the most huge ps question i have ever seen...
