NEW HERE? LEARN MORE
closeclose
Last visit was: 29 Apr 2024, 05:04 It is currently 29 Apr 2024, 05:04
Decision Tracker
My Rewards
New posts
New comers' posts

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.
Go to My Error Log Learn more
Close
Request Expert Reply
Confirm Cancel

Steves monthly salary consists of a fixed base salary and commission

SORT BY:
Date
Kudos
Tags:
Find Similar Topics 
Show Tags
Hide Tags
User avatar
B
Dojima
Intern
Intern
Joined: 18 Mar 2023
Posts: 12
Own Kudos [?]: 13 [0]
Given Kudos: 3
Send PM
Steves monthly salary consists of a fixed base salary and commission [#permalink] New post   06 Apr 2023, 23:59
00:00
A
B
C
D
E

Difficulty:

25% (medium)

Question Stats:

84% (01:16) correct 16% (02:25) wrong based on 25 sessions
Hide Show timer Statistics
Steve’s monthly salary consists of a fixed base salary and commission on sales. The base salary is $42,000 per annum, and the commission is 20% of his total sales. If his salary in June was $5,200, what were his total sales for the month?

(A) $8,500
(B) $17,000
(C) $47,200
(D) $52,000
(E) $94,000
ShowHide Answer
Official Answer
A
User avatar
G
Aabhash777
Intern
Intern
Joined: 10 Aug 2022
Posts: 36
Own Kudos [?]: 134 [0]
Given Kudos: 81
Send PM
Re: Steves monthly salary consists of a fixed base salary and commission [#permalink] New post   07 Apr 2023, 00:57
His base salary is 42,000, which means his monthly base salary is 42,000/12 = 3,500.
Let his total sales for the month be "x", then:

Total Salary for the month of June = Base Monthly Salary + 20% Commission on Sales for the month of June
5,200=3,500+.2x
x= 8,500

Answer: A
User avatar
L
KarishmaB
Tutor
Joined: 16 Oct 2010
Posts: 14836
Own Kudos [?]: 64982 [0]
Given Kudos: 428
Location: Pune, India
Send PM
Re: Steves monthly salary consists of a fixed base salary and commission [#permalink] New post   07 Apr 2023, 04:24
Expert Reply
Dojima wrote:
Steve’s monthly salary consists of a fixed base salary and commission on sales. The base salary is $42,000 per annum, and the commission is 20% of his total sales. If his salary in June was $5,200, what were his total sales for the month?

(A) $8,500
(B) $17,000
(C) $47,200
(D) $52,000
(E) $94,000



Salary = Fixed + Comm = 5200
Fixed salary every month \(= \frac{42000}{12} = 3500\)

So Comm =\( 5200 - 3500 = 1700\)

This is 20% of the sales.

\(1700 = \frac{20}{100} * Sales\)
Sales = 8500

Answer (A)
User avatar
L
Kinshook
GMAT Club Legend
GMAT Club Legend
Joined: 03 Jun 2019
Posts: 5345
Own Kudos [?]: 3972 [0]
Given Kudos: 160
Location: India
Schools: HBS '22 CBS '22 Wharton '22
GMAT 1: 690 Q50 V34
WE:Engineering (Transportation)
Send PM
Reviews Badge
Re: Steves monthly salary consists of a fixed base salary and commission [#permalink] New post   07 Apr 2023, 07:20
Given: Steve’s monthly salary consists of a fixed base salary and commission on sales. The base salary is $42,000 per annum, and the commission is 20% of his total sales.

Asked: If his salary in June was $5,200, what were his total sales for the month?

Steve's monthly salary = fixed base salary + commission on sales = $42,000/12 + 20%*total sales = $5,200
$3,500 + .2*Sales = $5,200
Sales for the month = ($5,200-$3,500)/.2 = $1,700/.2 = $8,500

IMO A
User avatar
G
ThatDudeKnows
Tutor
Joined: 11 May 2022
Posts: 1092
Own Kudos [?]: 701 [0]
Given Kudos: 81
Send PM
Steves monthly salary consists of a fixed base salary and commission [#permalink] New post   07 Apr 2023, 07:39
Expert Reply
Dojima wrote:
Steve’s monthly salary consists of a fixed base salary and commission on sales. The base salary is $42,000 per annum, and the commission is 20% of his total sales. If his salary in June was $5,200, what were his total sales for the month?

(A) $8,500
(B) $17,000
(C) $47,200
(D) $52,000
(E) $94,000


You don't have to do the math if you ballpark and use some common sense. If you check my other posts, you'll see that this is a VERY common theme. You do not need to find the correct answer if you can four incorrect ones.

Look at the answer choices.
20% of C, D, and E is already far more than $5200, so eliminate C, D, and E.
20% of B is $3400. That would mean the base salary would be $1800/month...1800*12 is well below the 42000 annually it's supposed to be, so eliminate B.

Answer choice A.


ThatDudeKnowsBallparking
GMAT Club Bot
gmatclubot
Steves monthly salary consists of a fixed base salary and commission [#permalink]
07 Apr 2023, 07:39
Moderators:
Bunuel
Math Expert
92990 posts
yashikaaggarwal
Senior Moderator - Masters Forum
3137 posts

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne
Main navigation
GMAT Resources
Partners
MBA Resources
www.gmac.com|www.mba.com | | GMAT Club Rules | Terms and Conditions