GMAT Changed on April 16th - Read about the latest changes here

It is currently 23 Apr 2018, 08:25

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

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Craig sells major appliances. For each appliance he sells, C

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

Hide Tags

Expert Post
Math Expert
User avatar
V
Joined: 02 Sep 2009
Posts: 44636
Craig sells major appliances. For each appliance he sells, C [#permalink]

Show Tags

New post 22 Jan 2014, 02:19
Expert's post
4
This post was
BOOKMARKED
00:00
A
B
C
D
E

Difficulty:

  5% (low)

Question Stats:

87% (01:01) correct 13% (00:58) wrong based on 469 sessions

HideShow timer Statistics

The Official Guide For GMAT® Quantitative Review, 2ND Edition

Craig sells major appliances. For each appliance he sells, Craig receives a commission of $50 plus 10 percent of the selling price. During one particular week Craig sold 6 appliances for selling prices totaling $3,620. What was the total of Craig's commissions for that week?

(A) $412
(B) $526
(C) $585
(D) $605
(E) $662

Problem Solving
Question: 52
Category: Arithmetic Percents
Page: 68
Difficulty: 600


GMAT Club is introducing a new project: The Official Guide For GMAT® Quantitative Review, 2ND Edition - Quantitative Questions Project

Each week we'll be posting several questions from The Official Guide For GMAT® Quantitative Review, 2ND Edition and then after couple of days we'll provide Official Answer (OA) to them along with a slution.

We'll be glad if you participate in development of this project:
1. Please provide your solutions to the questions;
2. Please vote for the best solutions by pressing Kudos button;
3. Please vote for the questions themselves by pressing Kudos button;
4. Please share your views on difficulty level of the questions, so that we have most precise evaluation.

Thank you!
[Reveal] Spoiler: OA

_________________

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

Expert Post
2 KUDOS received
Math Expert
User avatar
V
Joined: 02 Sep 2009
Posts: 44636
Re: Craig sells major appliances. For each appliance he sells, C [#permalink]

Show Tags

New post 22 Jan 2014, 02:19
2
This post received
KUDOS
Expert's post
1
This post was
BOOKMARKED
SOLUTION

Craig sells major appliances. For each appliance he sells, Craig receives a commission of $50 plus 10 percent of the selling price. During one particular week Craig sold 6 appliances for selling prices totaling $3,620. What was the total of Craig's commissions for that week?

(A) $412
(B) $526
(C) $585
(D) $605
(E) $662

Craig receives a commission of $50 on each appliance plus a 10% commission on total sales, thus his commission was 6*50 + 0.1*3,620 = 662.

Answer: E.
_________________

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

1 KUDOS received
Intern
Intern
avatar
Joined: 10 Apr 2012
Posts: 46
Concentration: Finance
Schools: Goizueta '19 (I)
WE: Analyst (Commercial Banking)
Reviews Badge
Re: Craig sells major appliances. For each appliance he sells, C [#permalink]

Show Tags

New post 22 Jan 2014, 07:49
1
This post received
KUDOS
1
This post was
BOOKMARKED
$50*6 Appliances=$300
10%0f $3,620=362

Total commission for the week=$300+$362=$662

Answer is E
1 KUDOS received
Senior Manager
Senior Manager
avatar
Joined: 20 Dec 2013
Posts: 254
Location: India
Re: Craig sells major appliances. For each appliance he sells, C [#permalink]

Show Tags

New post 22 Jan 2014, 09:05
1
This post received
KUDOS
Selling Prices of 6 appliances=$3620
Commission=10% of 3620+50*6=362+300=662
Ans.E

Posted from my mobile device
2 KUDOS received
Intern
Intern
avatar
Joined: 16 May 2013
Posts: 22
Location: Azerbaijan
Concentration: Finance
GMAT 1: 680 Q49 V32
GPA: 3.9
WE: Accounting (Telecommunications)
GMAT ToolKit User
Re: Craig sells major appliances. For each appliance he sells, C [#permalink]

Show Tags

New post 22 Jan 2014, 09:13
2
This post received
KUDOS
total sales prices of 6 appliances=$3620
fixed commission of 6 appliances => 6*50=300
variable commission of 6 appliances => 3620*10%=362
Answer: 300+362=$662
right answer is E
1 KUDOS received
Manager
Manager
User avatar
Status: GMATting
Joined: 21 Mar 2011
Posts: 106
Concentration: Strategy, Technology
GMAT 1: 590 Q45 V27
GMAT ToolKit User
Re: Craig sells major appliances. For each appliance he sells, C [#permalink]

Show Tags

New post 22 Jan 2014, 21:23
1
This post received
KUDOS
The commission that Craig receives can be classified as Fixed and Variable commission.
Since he sold 6 appliances,
Fixed commission for 6 appliances = 50 * 6 = 300;
Variable commission for 6 appliances = (0.1) * 3,620 = 362;

Total commission = 300 + 362 = 662;

Ans is (E).
Senior Manager
Senior Manager
User avatar
G
Joined: 27 May 2012
Posts: 467
Premium Member
Re: Craig sells major appliances. For each appliance he sells, C [#permalink]

Show Tags

New post Updated on: 26 Jan 2014, 08:06
Bunuel wrote:
Craig sells major appliances. For each appliance he sells, Craig receives a commission of $50 plus 10 percent of the selling price. During one particular week Craig sold 6 appliances for selling prices totaling $3,620. What was the total of Craig's commissions for that week?

(A) $412
(B) $526
(C) $585
(D) $605
(E) $662




we can find 10% of the Six appliances individually or 10% of the total of Six appliances .

Since individual prices are not given but we know the total of the six appliances
hence 10% of 3620=362
50*6 for the 6 appliances he sold = 300
300+362 =662

Answer E
_________________

- Stne


Originally posted by stne on 23 Jan 2014, 06:51.
Last edited by stne on 26 Jan 2014, 08:06, edited 1 time in total.
Intern
Intern
avatar
B
Joined: 23 Dec 2014
Posts: 48
Re: Craig sells major appliances. For each appliance he sells, C [#permalink]

Show Tags

New post 16 Jan 2017, 12:07
Craig sells major appliances. For each appliance he sells, Craig receives a commission of $50 plus 10 percent of the selling price. During one particular week Craig sold 6 appliances for selling prices totaling $3,620. What was the total of Craig's commissions for that week?

(A) $412
(B) $526
(C) $585
(D) $605
(E) $662


Commissions per product: $50
Commissions for 6 product = 50 x 6 = $300

He gets 10% of selling price.
So he gets 10% of the total selling price = 10% of 3620 = 362

Combined = 362+ 300 = $662
Non-Human User
User avatar
Joined: 09 Sep 2013
Posts: 6655
Premium Member
Re: Craig sells major appliances. For each appliance he sells, C [#permalink]

Show Tags

New post 11 Apr 2018, 23:44
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

Re: Craig sells major appliances. For each appliance he sells, C   [#permalink] 11 Apr 2018, 23:44
Display posts from previous: Sort by

Craig sells major appliances. For each appliance he sells, C

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


GMAT Club MBA Forum Home| About| Terms and Conditions| 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®.