GMAT Question of the Day: Daily via email | Daily via Instagram New to GMAT Club? Watch this Video
close
It is currently 12 Apr 2021, 22:52
Register
GMAT Club Tests
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
Steven and Stuart took a job in different companies at the same time.
3 posts Go to First Unread Post
Print view
NEW TOPIC
POST REPLY
Downloads
My Bookmarks
Reviews
SORT BY:
Date
Kudos
Tags:
Find Similar Topics 

Show Tags
Hide Tags

User avatar
V
mangamma
Director
Director
Joined: 25 Dec 2018
Posts: 666
Location: India
Concentration: General Management, Finance
GMAT Date: 02-18-2019
GPA: 3.4
WE:Engineering (Consulting)
Steven and Stuart took a job in different companies at the same time. [#permalink] New post  06 May 2019, 08:25
1
Kudos
3
Bookmarks
00:00
A
B
C
D
E

Difficulty:

65% (hard)

Question Stats:

65% (02:53) correct 35% (02:49) wrong based on 82 sessions

Hide Show timer Statistics

Steven and Stuart took a job in different companies at the same time. Steven’s salary increased by a fixed amount at the end of every year and Stuart’s salary increased by a fixed percentage at the end of every year. If the increase in the salary of Steven at the end of the third year was equal to the increase in the salary of Stuart at the end of the second year, what was the difference in the salaries of Steven and Stuart when they took the job?

(1) Steven’s salary after 2 years was 20% more than the salary at which he took the job

(2) The increase in the salary of Stuart at the end of the second year was 11% of the salary at which he took the job.
ShowHide Answer
Official Answer
Official Answer and Stats are available only to registered users. Register/Login.
User avatar
V
nick1816
DS Forum Moderator
Joined: 19 Oct 2018
Posts: 2261
Location: India
Re: Steven and Stuart took a job in different companies at the same time. [#permalink] New post  06 May 2019, 09:22
Let initial salary of Steven is X and Stuart is Y

Statement 1-
Steven’s salary is increased by X/10 every year
insufficient
Statement 2
Let Stuart salary increased by k percent every year
Y(1+{k/100})* (k/100)= .11Y
or k=1
Still insufficient
Combining 2 statements
X/10= 11Y/100
X=(11/10)Y
But still we can't find the difference between X and Y
Insufficient

IMO E
User avatar
bumpbot
Non-Human User
Joined: 09 Sep 2013
Posts: 18680
Re: Steven and Stuart took a job in different companies at the same time. [#permalink] New post  06 Mar 2021, 03:51
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.
_________________
GMAT Books | GMAT Club Tests | Best Prices on GMAT Courses | GMAT Mobile App | Math Resources | Verbal Resources
Signature Read More
GMAT Club Bot
gmatclubot
Re: Steven and Stuart took a job in different companies at the same time. [#permalink]
06 Mar 2021, 03:51
NEW TOPIC
POST REPLY
Downloads
My Bookmarks
Reviews
Moderators:
chetan2u
Math Expert
9703 posts
Bunuel
Math Expert
74431 posts
GMATBusters
Retired Moderator
1988 posts
nick1816
DS Forum Moderator
2261 posts
Feedback

cron

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