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On July 1 of last year, total employees at company E was dec [#permalink]

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09 Oct 2009, 19:59

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On July 1 of last year, total employees at company E was decreased by 10 percent. Without any change in the salaries of the remaining employees, the average (arithmetic mean) employee salary was 10 percent more after the decrease in the number of employees than before the decrease. The total of the combined salaries of all the employees at Company E after July 1 last year was what percent of that before July 1 last year?

On July 1 of last year, total employees at company E was decreased by 10 percent. Without any change in the salaries of the remaining employees, the average (arithmetic mean) employee salary was 10 percent more after the decrease in the number of employees than before the decrease. The total of the combined salaries of all the employees at Company E after July 1 last year was what percent of that before July 1 last year? A. 90% B. 99% C. 100% D. 101% E. 110%

# of employees before July 1 - \(x\); # of employees after July 1 - \(0.9x\);

Average salary before July 1 - \(y\); Average salary after July 1 - \(1.1y\);

Total salary before July 1 - \(xy\); Total salary after July 1 - \(1.1*0.9*xy=0.99xy\) --> \(\frac{0.99xy}{xy}*100=99%\).

Re: Ratios and Percents - Employee salaries [#permalink]

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19 May 2010, 19:26

Bunuel wrote:

On July 1 of last year, total employees at company E was decreased by 10%. Without any change in the salaries of the remaining employees, the average employee salary was 10% more after the decrease in the number of employees than before the decrease. The total of the combined salaries of all the employees at Company E after July 1 last year was what percent of that before July 1 of last year?

# of employees before July 1 - X # of employees after July 1 - 0.9X

Average salary before July 1 - Y Average salary after July 1 - 1.1Y

Total salary before July 1 - XY Total salary after July 1 - 1.1*0.9*XY=0.99XY --> (1.1*0.9*XY)/XY*100=99%

Answer B.

Bunuel, I would disagree with you here ....the question said that there was no decrease in the salary of other employees but you wrote 1.1Y ...shouldnt it still be Y after the change ?

On July 1 of last year, total employees at company E was decreased by 10%. Without any change in the salaries of the remaining employees, the average employee salary was 10% more after the decrease in the number of employees than before the decrease. The total of the combined salaries of all the employees at Company E after July 1 last year was what percent of that before July 1 of last year?

# of employees before July 1 - X # of employees after July 1 - 0.9X

Average salary before July 1 - Y Average salary after July 1 - 1.1Y

Total salary before July 1 - XY Total salary after July 1 - 1.1*0.9*XY=0.99XY --> (1.1*0.9*XY)/XY*100=99%

Answer B.

Bunuel, I would disagree with you here ....the question said that there was no decrease in the salary of other employees but you wrote 1.1Y ...shouldnt it still be Y after the change ?

"the average employee salary was 10% more after the decrease in the number of employees than before the decrease." _________________

On july 1st of last year, the total number of employees at company E was decreased by 10%. Without any change in the salaries of the remaining employees, the avg employee salary was 10% more after the decrease in number of employees that before the decrease. The total combine salaries of all the employees at company E after July 1 last year was what percent of the before july 1 of last year?

90%

99%

100%

101%

110%

Help plz....

Question with percentages and answer also in percentages. The first and only thing I want to do is assume values.

Initial total no of emp = 100 (assumed value) Initial total salary = 100 (assumed value) Initial average = $1/emp (100/100 = 1) New total no of emp = 90 (10% decrease) New average salary = $1.1/emp (10% increase) New total salary = 90*1.1 = 99 So new total salary is 99% of initial total salary. Answer (B)
_________________

Re: On July 1 of last year, total employees at company E was dec [#permalink]

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26 Oct 2013, 01:40

shanewyatt wrote:

On July 1 of last year, total employees at company E was decreased by 10 percent. Without any change in the salaries of the remaining employees, the average (arithmetic mean) employee salary was 10 percent more after the decrease in the number of employees than before the decrease. The total of the combined salaries of all the employees at Company E after July 1 last year was what percent of that before July 1 last year?

A. 90% B. 99% C. 100% D. 101% E. 110%

TotalSalarynew = Empnew X AverageSalnew TotalSalarynew = 9/10 Empold X 11/10 AverageSalold TotalSalarynew = 99/100 TotalSalaryold

Re: On July 1 of last year, total employees at company E was dec [#permalink]

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15 Nov 2014, 06:04

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).

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On July 1 of last year, the total number of employees at Company E was [#permalink]

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28 Sep 2015, 05:45

On July 1 of last year, the total number of employees at Company E was decreased by 10 percent. Without any change in the salaries of the remaining employees, the average(arithmetic mean) employee salary was 10 percent more after the decrease in number of employees than before the decrease. The total of the combined salaries of all of the employees at Company E after July 1 last year was what percent of that before July 1 last year?

On July 1 of last year, the total number of employees at Company E was decreased by 10 percent. Without any change in the salaries of the remaining employees, the average(arithmetic mean) employee salary was 10 percent more after the decrease in number of employees than before the decrease. The total of the combined salaries of all of the employees at Company E after July 1 last year was what percent of that before July 1 last year?

(A) 90%

(B) 99%

(C) 100%

(D) 101%

(E) 110%

Merging topics. Please refer to the discussion above.
_________________

Re: On July 1 of last year, total employees at company E was dec [#permalink]

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28 Sep 2015, 07:21

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shanewyatt wrote:

On July 1 of last year, total employees at company E was decreased by 10 percent. Without any change in the salaries of the remaining employees, the average (arithmetic mean) employee salary was 10 percent more after the decrease in the number of employees than before the decrease. The total of the combined salaries of all the employees at Company E after July 1 last year was what percent of that before July 1 last year?

A. 90% B. 99% C. 100% D. 101% E. 110%

Choose some nice values that satisfy the given information.

BEFORE July 1 Let's say that there were 10 employees And let's say the average salary was $10. TOTAL payroll = (10)($10) =$100

Number of employees decreases by 10% Average salary increases by 10% So....

AFTER July 1 There are 9 employees Average salary is $11. TOTAL payroll = (9)($11) =$99

The total of the combined salaries of all the employees at Company E after July 1 last year was what percent of that before July 1 last year?

On July 1 of last year, the total number of employees at Company E was decreased by 10 percent. Without any change in the salaries of the remaining employees, the average(arithmetic mean) employee salary was 10 percent more after the decrease in number of employees than before the decrease. The total of the combined salaries of all of the employees at Company E after July 1 last year was what percent of that before July 1 last year?

(A) 90%

(B) 99%

(C) 100%

(D) 101%

(E) 110%

If we try to solve this question by assuming values, it becomes fairly easy.

Let initial total employees on July 1= 100 Let the initial salary = $100 Average = $1

New number of employees after 10% decrease = 90 New average salary after 10% increase= $1.1

New salary = 90*1.1 = 99 Which is 99% of the initial salary

Re: On July 1 of last year, total employees at company E was dec [#permalink]

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28 Oct 2016, 23:00

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.
_________________

Re: On July 1 of last year, total employees at company E was dec [#permalink]

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29 Oct 2016, 01:46

shanewyatt wrote:

On July 1 of last year, total employees at company E was decreased by 10 percent. Without any change in the salaries of the remaining employees, the average (arithmetic mean) employee salary was 10 percent more after the decrease in the number of employees than before the decrease. The total of the combined salaries of all the employees at Company E after July 1 last year was what percent of that before July 1 last year?

A. 90% B. 99% C. 100% D. 101% E. 110%

Draw a chart -

Attachment:

Capture.PNG [ 5.22 KiB | Viewed 499 times ]

The answer will clearly be \(\frac{9900}{10000}*100 =\) \(99\)%

Hence answer will be (B) _________________

Thanks and Regards

Abhishek....

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