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26 Jun 2017, 02:59
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E
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
15%
(low)
Question Stats:
77% (01:12) correct
23%
(01:07)
wrong
based on 3038
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Each month, Jim receives a base salary plus a 10 percent commission on the price of each car he sells that month. If Jim sold 15 cars last month, what was the total amount of base salary and commissions that Jim received that month?
(1) Last month, Jim's base salary was $3,000.
(2) Last month, Jim sold 3 cars whose prices totaled $60,000 and 5 cars whose prices totaled $120,000.
(1) Last month, Jim's base salary was $3,000.
(2) Last month, Jim sold 3 cars whose prices totaled $60,000 and 5 cars whose prices totaled $120,000.
26 Jun 2017, 03:08
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From the question stem,
Total Salary = Base Salary + Commission
Also given Commission = 10% of price(on the car he sells)
(1) Last month, Jim's base salary was $3,000.
Since we have no idea about the commission part, we cant determine what his total salary for last month was.
(2) Last month, Jim sold 3 cars whose prices totaled $60,000 and 5 cars whose prices totaled $120,000
He sold 3 cars of price 20000$ each and 5 cars totaling 120000$. However, we do not know,
what he sold the remaining 7 cars for, Insufficient.
On combining the information presented in both the statement,
till we are able to know exactly what the other 7 cars sold for,
we cannot calculate the total salary Jim took home. (Insufficient) (Option E)
Total Salary = Base Salary + Commission
Also given Commission = 10% of price(on the car he sells)
(1) Last month, Jim's base salary was $3,000.
Since we have no idea about the commission part, we cant determine what his total salary for last month was.
(2) Last month, Jim sold 3 cars whose prices totaled $60,000 and 5 cars whose prices totaled $120,000
He sold 3 cars of price 20000$ each and 5 cars totaling 120000$. However, we do not know,
what he sold the remaining 7 cars for, Insufficient.
On combining the information presented in both the statement,
till we are able to know exactly what the other 7 cars sold for,
we cannot calculate the total salary Jim took home. (Insufficient) (Option E)
General Discussion
ydmuley
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26 Jun 2017, 03:20
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Each month, Jim receives a base salary plus a 10 percent commission on the price of each car he sells that month. If Jim sold 15 cars last month, what was the total amount of base salary and commissions that Jim received that month?
Base Salary + 15 Cars * 10% Commission on Price for Each Car
(1) Last month, Jim's base salary was $3,000
This gives base salary, however, it does not give us any information on the price for each car.
Hence, Eq. (1) =====> NOT SUFFICIENT
(2) Last month, Jim sold 3 cars whose prices totaled $60,000 and 5 cars whose prices totaled $120,000
This statement has two problems:
1. It does not gives us any information about the base salary
2. It gives information on car prices for only 8 cars, we are not aware of the car prices for remaining - 15 - 8 = 7 cars
Hence, Eq. (2) =====> NOT SUFFICIENT
Now, lets combine the the equations (1) & (2)
1. We know the base salary = $3,000
2. We have information of car prices for 8 cars = $60,000 + $120,000 = $180,000
However, we are still not aware of the prices for remaining cars = 15 - 8 = 7 Cars
Note, we cannot assume the prices for these remaining cars. As the information is incomplete and we are unable to find the answer even after combining
Hence, the answer is E
Base Salary + 15 Cars * 10% Commission on Price for Each Car
(1) Last month, Jim's base salary was $3,000
This gives base salary, however, it does not give us any information on the price for each car.
Hence, Eq. (1) =====> NOT SUFFICIENT
(2) Last month, Jim sold 3 cars whose prices totaled $60,000 and 5 cars whose prices totaled $120,000
This statement has two problems:
1. It does not gives us any information about the base salary
2. It gives information on car prices for only 8 cars, we are not aware of the car prices for remaining - 15 - 8 = 7 cars
Hence, Eq. (2) =====> NOT SUFFICIENT
Now, lets combine the the equations (1) & (2)
1. We know the base salary = $3,000
2. We have information of car prices for 8 cars = $60,000 + $120,000 = $180,000
However, we are still not aware of the prices for remaining cars = 15 - 8 = 7 Cars
Note, we cannot assume the prices for these remaining cars. As the information is incomplete and we are unable to find the answer even after combining
Hence, the answer is E
