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A salesperson received a commission of 3 percent of the sale

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Intern
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Joined: 09 Jun 2010
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A salesperson received a commission of 3 percent of the sale  [#permalink]

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New post Updated on: 13 Aug 2014, 09:55
8
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A
B
C
D
E

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  15% (low)

Question Stats:

86% (02:25) correct 14% (02:02) wrong based on 109 sessions

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A salesperson received a commission of 3 percent of the sale price for each of the first 100 machines that she sold and 4 percent of the sale price for each machine that she sold after the first 100. If the sale price of each machine was $10,000 and the salesperson received a $36,000 commission, how many machines did she sell?

(A) 90
(B) 103
(C) 105
(D) 115
(E) 120

Originally posted by xmagedo on 30 Jul 2010, 06:45.
Last edited by Bunuel on 13 Aug 2014, 09:55, edited 1 time in total.
Renamed the topic, edited the question and added the OA.
Manager
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Re: A salesperson received a commission of 3 percent of the sale  [#permalink]

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New post 30 Jul 2010, 07:12
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1. Determine the commission for the first 100 machines => USD 10'000*100*3% = USD 30'000
=> Since commission earned is greater than USD 30'000, the number of machines sold must exceed 100.

2. Subtract total commission earned from commission earned on the first 100 machines => USD 36'000 - USD 30'000 = USD 6'000 ("additional comission")

3. Divide additional comission by comission earned on each additional machine (i.e. in excesss of first 100) sold
=> USD 6'000 / (USD 10'000*4%) = 15

4. Determine total number of machines sold => 100 + 15 = 115
Manager
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Joined: 20 Jul 2010
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Re: A salesperson received a commission of 3 percent of the sale  [#permalink]

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New post 30 Jul 2010, 08:00
IMO C...

First 100 machines = 3% commission = 0.03*100*10000 = 30000
Commission from sale of next machines = 36000 - 30000 = 6000
So 15 more machines..

Total = 115 machines
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Re: A salesperson received a commission of 3 percent of the sale  [#permalink]

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New post 29 Sep 2019, 05:35
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Re: A salesperson received a commission of 3 percent of the sale   [#permalink] 29 Sep 2019, 05:35

A salesperson received a commission of 3 percent of the sale

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