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

It is currently 17 Oct 2018, 02:39

Close

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
Your Progress

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

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Confirm Cancel

A sales associate earns a commission of 8% on her first $10,

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

Current Student
User avatar
P
Status: It always seems impossible until it's done!!
Joined: 29 Aug 2012
Posts: 1118
Location: India
WE: General Management (Aerospace and Defense)
GMAT ToolKit User Premium Member Reviews Badge
A sales associate earns a commission of 8% on her first $10,  [#permalink]

Show Tags

New post 16 Jul 2014, 00:04
1
3
00:00
A
B
C
D
E

Difficulty:

  5% (low)

Question Stats:

81% (01:08) correct 19% (01:15) wrong based on 265 sessions

HideShow timer Statistics

A sales associate earns a commission of 8% on her first $10,000 in sales revenue in a given week and a commission of 10% on any additional sales revenue that the associate generates that week. How much sales revenue did the associate generate last week?

(1) The sales associate earned a total of $1,500 in commission last week.

(2) Last week, the sales associate was eligible for the 10% commission rate on $7,000 of additional sales.

_________________

Become a GMAT Club Premium member to avail lot of discounts

Math Expert
User avatar
V
Joined: 02 Sep 2009
Posts: 49948
Re: A sales associate earns a commission of 8% on her first $10,  [#permalink]

Show Tags

New post 16 Jul 2014, 01:40
1
A sales associate earns a commission of 8% on her first $10,000 in sales revenue in a given week and a commission of 10% on any additional sales revenue that the associate generates that week. How much sales revenue did the associate generate last week?

8% on first $10,000 = $800.

(1) The sales associate earned a total of $1,500 in commission last week. So, the commission from additional sales was $1,500 - $800 = $700, which means that additional sales was $700*10 = $7,000. Total sales = $10,000 + $7,000 = $17,000. Sufficient.

(2) Last week, the sales associate was eligible for the 10% commission rate on $7,000 of additional sales. Total sales = $10,000 + $7,000 = $17,000. Sufficient.

Answer: D.
_________________

New to the Math Forum?
Please read this: Ultimate GMAT Quantitative Megathread | All You Need for Quant | PLEASE READ AND FOLLOW: 12 Rules for Posting!!!

Resources:
GMAT Math Book | Triangles | Polygons | Coordinate Geometry | Factorials | Circles | Number Theory | Remainders; 8. Overlapping Sets | PDF of Math Book; 10. Remainders | GMAT Prep Software Analysis | SEVEN SAMURAI OF 2012 (BEST DISCUSSIONS) | Tricky questions from previous years.

Collection of Questions:
PS: 1. Tough and Tricky questions; 2. Hard questions; 3. Hard questions part 2; 4. Standard deviation; 5. Tough Problem Solving Questions With Solutions; 6. Probability and Combinations Questions With Solutions; 7 Tough and tricky exponents and roots questions; 8 12 Easy Pieces (or not?); 9 Bakers' Dozen; 10 Algebra set. ,11 Mixed Questions, 12 Fresh Meat

DS: 1. DS tough questions; 2. DS tough questions part 2; 3. DS tough questions part 3; 4. DS Standard deviation; 5. Inequalities; 6. 700+ GMAT Data Sufficiency Questions With Explanations; 7 Tough and tricky exponents and roots questions; 8 The Discreet Charm of the DS; 9 Devil's Dozen!!!; 10 Number Properties set., 11 New DS set.


What are GMAT Club Tests?
Extra-hard Quant Tests with Brilliant Analytics

Intern
Intern
avatar
Joined: 06 Apr 2015
Posts: 14
Location: India
Concentration: General Management, International Business
GMAT ToolKit User
Re: A sales associate earns a commission of 8% on her first $10,  [#permalink]

Show Tags

New post 24 Sep 2015, 07:16
Hi Experts,

Why do we assume that the first sales is of $10,000 exact?

What if the first sales was of $12000 earning a commission of $960 and then the sale was of $5400 for a commission of $540? This way too the commission is $1500 but the total sales is more than $17k

Please advise what am I missing here?
Math Expert
User avatar
V
Joined: 02 Sep 2009
Posts: 49948
Re: A sales associate earns a commission of 8% on her first $10,  [#permalink]

Show Tags

New post 24 Sep 2015, 07:27
royrijit1 wrote:
Hi Experts,

Why do we assume that the first sales is of $10,000 exact?

What if the first sales was of $12000 earning a commission of $960 and then the sale was of $5400 for a commission of $540? This way too the commission is $1500 but the total sales is more than $17k

Please advise what am I missing here?


The stem says that a person earns a commission of 8% on her first $10,000 and a commission of 10% on any additional sales.

So, for example on $17,400 of sales the commission would be 8%*10,000 + 10%*7,400 = $1,540.
_________________

New to the Math Forum?
Please read this: Ultimate GMAT Quantitative Megathread | All You Need for Quant | PLEASE READ AND FOLLOW: 12 Rules for Posting!!!

Resources:
GMAT Math Book | Triangles | Polygons | Coordinate Geometry | Factorials | Circles | Number Theory | Remainders; 8. Overlapping Sets | PDF of Math Book; 10. Remainders | GMAT Prep Software Analysis | SEVEN SAMURAI OF 2012 (BEST DISCUSSIONS) | Tricky questions from previous years.

Collection of Questions:
PS: 1. Tough and Tricky questions; 2. Hard questions; 3. Hard questions part 2; 4. Standard deviation; 5. Tough Problem Solving Questions With Solutions; 6. Probability and Combinations Questions With Solutions; 7 Tough and tricky exponents and roots questions; 8 12 Easy Pieces (or not?); 9 Bakers' Dozen; 10 Algebra set. ,11 Mixed Questions, 12 Fresh Meat

DS: 1. DS tough questions; 2. DS tough questions part 2; 3. DS tough questions part 3; 4. DS Standard deviation; 5. Inequalities; 6. 700+ GMAT Data Sufficiency Questions With Explanations; 7 Tough and tricky exponents and roots questions; 8 The Discreet Charm of the DS; 9 Devil's Dozen!!!; 10 Number Properties set., 11 New DS set.


What are GMAT Club Tests?
Extra-hard Quant Tests with Brilliant Analytics

Non-Human User
User avatar
Joined: 09 Sep 2013
Posts: 8426
Premium Member
Re: A sales associate earns a commission of 8% on her first $10,  [#permalink]

Show Tags

New post 17 Sep 2018, 21:42
Hello from the GMAT Club BumpBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
_________________

GMAT Books | GMAT Club Tests | Best Prices on GMAT Courses | GMAT Mobile App | Math Resources | Verbal Resources

GMAT Club Bot
Re: A sales associate earns a commission of 8% on her first $10, &nbs [#permalink] 17 Sep 2018, 21:42
Display posts from previous: Sort by

A sales associate earns a commission of 8% on her first $10,

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  


Copyright

GMAT Club MBA Forum Home| About| Terms and Conditions and Privacy Policy| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.