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A small law firm employs 7 attorneys. Last year the 4 junior partners

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Senior RC Moderator
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A small law firm employs 7 attorneys. Last year the 4 junior partners  [#permalink]

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New post 04 Sep 2019, 05:24
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A
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C
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E

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Question Stats:

71% (01:54) correct 29% (01:58) wrong based on 21 sessions

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A small law firm employs 7 attorneys. Last year the 4 junior partners each earned $125,000, the two senior partners each earned $275,000, and the managing partner earned $650,000. The average (arithmetic mean) income of the 7 attorneys is closest to which of the following?

A. $240,000

B. $245,000

C. $250,000

D. $255,000

E. $260,000

Source: McGraw-Hill's GMAT

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Re: A small law firm employs 7 attorneys. Last year the 4 junior partners  [#permalink]

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New post 04 Sep 2019, 09:34
(4*125000 + 2*275000 + 650000)/7=
500000+550000+650000 /7=
1700000/7=~242800
If we round this number, it'll get 243000 which is closest to 245000
Option B

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Re: A small law firm employs 7 attorneys. Last year the 4 junior partners   [#permalink] 04 Sep 2019, 09:34
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