Forum Home > GMAT > Quantitative > Problem Solving (PS)
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
For the last fiscal year, University X had total operating expenses of
[#permalink]
28 Feb 2024, 20:34
28 Feb 2024, 20:34
5
Bookmarks
Expert Reply
Show timer
00:00
Difficulty:
15%
(low)
Question Stats:
86% (03:04) correct
14%
(03:40)
wrong
based on 235
sessions
For the last fiscal year, University X had total operating expenses of $750,000,000, of which staff compensation accounted for 52%. For the next fiscal year, University X will increase its total operating expenses by 2%, and staff compensation will account for 55% of total operating expenses. For each fiscal year, wages account for two-thirds of total staff compensation and benefits account for one-third of total staff compensation.
In the table, select for Total wages for next fiscal year and Total benefits for next fiscal year the total operating expenses devoted to wages and benefits, respectively, for the next fiscal year that are jointly consistent with the information provided. Make only two selections, one in each column.
All Data Insight question: TPA [ Official Guide DI Review 2023-24]
For the last fiscal year, University X had total operating expenses of $750,000,000, of which staff compensation accounted for 52%. For the next fiscal year, University X will increase its total operating expenses by 2%, and staff compensation will account for 55% of total operating expenses. For each fiscal year, wages account for two-thirds of total staff compensation and benefits account for one-third of total staff compensation.
In the table, select for Total wages for next fiscal year and Total benefits for next fiscal year the total operating expenses devoted to wages and benefits, respectively, for the next fiscal year that are jointly consistent with the information provided. Make only two selections, one in each column.
| Total wages for next fiscal year | Total benefits for next fiscal year | |
| $130,000,000 | ||
| $132,600,000 | ||
| $140,250,000 | ||
| $260,000,000 | ||
| $265,200,000 | ||
| $280,500,000 |
ShowHide Answer
Official Answer
Total wages for next fiscal year: $280,500,000
Total benefits for next fiscal year: $140,250,000
Re: For the last fiscal year, University X had total operating expenses of
[#permalink]
28 Feb 2024, 20:35
28 Feb 2024, 20:35
Expert Reply
Kudos for Most Logical solution
Re: For the last fiscal year, University X had total operating expenses of
[#permalink]
06 Mar 2024, 21:57
06 Mar 2024, 21:57
1
Kudos
chetan2u
Staff's compensation next year=0.55*1.02*750mn=420750000
Check the answer choices which will add up to 750000 in the end and we see only choices C and F do so we assign the lower value to benefits since that is 1/3rd and the larger value to wages which is 2/3rd
Staff's compensation next year=0.55*1.02*750mn=420750000
Check the answer choices which will add up to 750000 in the end and we see only choices C and F do so we assign the lower value to benefits since that is 1/3rd and the larger value to wages which is 2/3rd
