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Guys,
Could you explain me how they come up to the right answer?
This question is from GMATPrep downloaded after the registration.
Thanks!
At the end of each year, a certain credit card company pays a bonus to each of its credit cardholders based on the amount, up to $10,000, that the cardholder charged throughout the year. A 0.5% bonus is paid on the firs 1,000 charged, a 1.0% bonus is paid on the next $2,000 charged and so on, as indicated in the table below. What is the maximum annual bonus, in $?
$0.01 to $1,000: 0.5%
$1,001 to $3,000: 1.0%
$3,001 to $6,000: 1.5%
$6,001 to $10.000: 2.0%
Answers:
A. $100
B. $150
C. $200
D. $250
E. $500
Right answer: B. $150
Could you explain me how they come up to the right answer?
This question is from GMATPrep downloaded after the registration.
Thanks!
At the end of each year, a certain credit card company pays a bonus to each of its credit cardholders based on the amount, up to $10,000, that the cardholder charged throughout the year. A 0.5% bonus is paid on the firs 1,000 charged, a 1.0% bonus is paid on the next $2,000 charged and so on, as indicated in the table below. What is the maximum annual bonus, in $?
$0.01 to $1,000: 0.5%
$1,001 to $3,000: 1.0%
$3,001 to $6,000: 1.5%
$6,001 to $10.000: 2.0%
Answers:
A. $100
B. $150
C. $200
D. $250
E. $500
Right answer: B. $150
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