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.

It appears that you are browsing the GMAT Club forum unregistered!

Signing up is free, quick, and confidential.
Join other 500,000 members and get the full benefits of GMAT Club

Registration gives you:

Tests

Take 11 tests and quizzes from GMAT Club and leading GMAT prep companies such as Manhattan GMAT,
Knewton, and others. All are free for GMAT Club members.

Applicant Stats

View detailed applicant stats such as GPA, GMAT score, work experience, location, application
status, and more

Books/Downloads

Download thousands of study notes,
question collections, GMAT Club’s
Grammar and Math books.
All are free!

Thank you for using the timer!
We noticed you are actually not timing your practice. Click the START button first next time you use the timer.
There are many benefits to timing your practice, including:

A survey of employers found that during 1993 employment cost [#permalink]

Show Tags

10 Mar 2011, 11:06

7

This post was BOOKMARKED

00:00

A

B

C

D

E

Difficulty:

45% (medium)

Question Stats:

72% (02:25) correct
28% (02:27) wrong based on 108 sessions

HideShow timer Statistics

A survey of employers found that during 1993 employment costs rose 3.5 percent, where employment costs consist of salary costs and fringe-benefit costs. If salary costs rose 3 percent and fringe-benefit costs rose 5.5 percent during 1993, then fringe-benefit costs represented what percent of employment costs at the beginning of 1993 ?

154. A survey of employers found that during 1993 employment costs rose 3.5 percent, where employment costs consist of salary costs and fringe-benefits costs. If salary costs rose 3 percent and fringe-benefit costs rose 5.5 percent during 1993, then fringe-benefit costs represented what percent of employment costs at the beginning of 1993? a. 16.5% b. 20% c. 35% d. 55% e. 65%

Note that one element increased 3% and another one 5.5% and weighted average increase is closer to smaller increment so clearly that has higher weight. Weightage of fringe benefits is \((3.5-3.0)/(5.5-3.0)*100 = 20%\)

154. A survey of employers found that during 1993 employment costs rose 3.5 percent, where employment costs consist of salary costs and fringe-benefits costs. If salary costs rose 3 percent and fringe-benefit costs rose 5.5 percent during 1993, then fringe-benefit costs represented what percent of employment costs at the beginning of 1993? a. 16.5% b. 20% c. 35% d. 55% e. 65%

Note that one element increased 3% and another one 5.5% and weighted average increase is closer to smaller increment so clearly that has higher weight. Weightage of fringe benefits is \((3.5-3.0)/(5.5-3.0)*100 = 20%\)

Is this approach can be applied for the following PS

A certain company that sells only cars and trucks reported that revenues from car sales in 1997 were down 11 percent from 1996 and revenues from truck sales in 1997 were up 7 percent from 1996. If total revenues from car sales and truck sales in 1997 were up 1 % from 1996, what is the ratio of revenue from car sales in 1996 to revenue from truck sales in 1996? 1:2 4:5 1:1 3:2 5:3
_________________

154. A survey of employers found that during 1993 employment costs rose 3.5 percent, where employment costs consist of salary costs and fringe-benefits costs. If salary costs rose 3 percent and fringe-benefit costs rose 5.5 percent during 1993, then fringe-benefit costs represented what percent of employment costs at the beginning of 1993? a. 16.5% b. 20% c. 35% d. 55% e. 65%

Note that one element increased 3% and another one 5.5% and weighted average increase is closer to smaller increment so clearly that has higher weight. Weightage of fringe benefits is \((3.5-3.0)/(5.5-3.0)*100 = 20%\)

Is this approach can be applied for the following PS

A certain company that sells only cars and trucks reported that revenues from car sales in 1997 were down from 1996 and revenues from truck sales in 1997 were up 7 perent from 1996. If total revenues from car sales and truck sales in 1997 were up 1 % from 1996, what is the ratio of revenue from car sales in 1996 to revenue from truck sales in 1996? 1:2 4:5 1:1 3:2 5:3

Yes - it can be applied provided we know the % decline in Car sales in 1997 over 1996. I think that data is missing in the problem you posted. If I pick up a number , say -3% for car sales, then weightage of cars would be \((7-1)/((7-(-3))*100 = 60%\) and weightage of truck would then be 40% and the ratio of car sales to truck sales would be\(60/40 = 3:2.\)

154. A survey of employers found that during 1993 employment costs rose 3.5 percent, where employment costs consist of salary costs and fringe-benefits costs. If salary costs rose 3 percent and fringe-benefit costs rose 5.5 percent during 1993, then fringe-benefit costs represented what percent of employment costs at the beginning of 1993? a. 16.5% b. 20% c. 35% d. 55% e. 65%

In my view easiest method would be, eliminating the percentage sign Let 3.5 be 35 5.5 be 55 and 3 be 30

then first eq: S+F=E

130S+155F=135E

5s=20F therefore, s=4F and then E=5F F/E=F/5F=20% Therefore, Answer is B

154. A survey of employers found that during 1993 employment costs rose 3.5 percent, where employment costs consist of salary costs and fringe-benefits costs. If salary costs rose 3 percent and fringe-benefit costs rose 5.5 percent during 1993, then fringe-benefit costs represented what percent of employment costs at the beginning of 1993? a. 16.5% b. 20% c. 35% d. 55% e. 65%

Note that one element increased 3% and another one 5.5% and weighted average increase is closer to smaller increment so clearly that has higher weight. Weightage of fringe benefits is \((3.5-3.0)/(5.5-3.0)*100 = 20%\)

Can you please elaborate on this a little more?

Would it favor the salary costs and not the fringe costs? A little confused by your equation still...

154. A survey of employers found that during 1993 employment costs rose 3.5 percent, where employment costs consist of salary costs and fringe-benefits costs. If salary costs rose 3 percent and fringe-benefit costs rose 5.5 percent during 1993, then fringe-benefit costs represented what percent of employment costs at the beginning of 1993? a. 16.5% b. 20% c. 35% d. 55% e. 65%

Note that one element increased 3% and another one 5.5% and weighted average increase is closer to smaller increment so clearly that has higher weight. Weightage of fringe benefits is \((3.5-3.0)/(5.5-3.0)*100 = 20%\)

Can you please elaborate on this a little more?

Would it favor the salary costs and not the fringe costs? A little confused by your equation still...

Thanks.

A survey of employers found that during 1993 employment costs rose 3.5 percent, where employment costs consist of salary costs and fringe-benefit costs. If salary costs rose 3 percent and fringe-benefit costs rose 5.5 percent during 1993, then fringe-benefit costs represented what percent of employment costs at the beginning of 1993 ?

(A) 16.5% (B) 20% (C) 35% (D) 55% (E) 65%

The amount by which employment costs rose is equal to 0.035(salary costs + fringe benefit costs);

On the other hand the amount by which employment costs rose is equal to 0.03*salary costs + 0.055*fringe benefit costs;

So, 35(S+F) = 30S+55F --> S = 4F --> F/S = 1/4 --> F/(S+F) = 1/(1+4) = 1/5 = 0.2.

Its been long time coming. I have always been passionate about poetry. It’s my way of expressing my feelings and emotions. And i feel a person can convey...

Written by Scottish historian Niall Ferguson , the book is subtitled “A Financial History of the World”. There is also a long documentary of the same name that the...

Post-MBA I became very intrigued by how senior leaders navigated their career progression. It was also at this time that I realized I learned nothing about this during my...