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The above graph lists the monthly sales (in $100,000 increments) at a
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10 Jul 2015, 01:34
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75% (01:40) correct 25% (01:47) wrong based on 179 sessions
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The above graph lists the monthly sales (in $100,000 increments) at a car dealership. For January and February, the dealership had two sales agents. The dealership added a sales agent in March and one more in May. What was the percent increase in sales per agent in June compared to January? A. 50% B. 100% C. 125% D. 200% E. 400% Kudos for a correct solution.Attachment:
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Re: The above graph lists the monthly sales (in $100,000 increments) at a
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10 Jul 2015, 03:24
Bunuel wrote: The above graph lists the monthly sales (in $100,000 increments) at a car dealership. For January and February, the dealership had two sales agents. The dealership added a sales agent in March and one more in May. What was the percent increase in sales per agent in June compared to January? A. 50% B. 100% C. 125% D. 200% E. 400% Kudos for a correct solution.Total number of agents in Jan =2 Total number of agents in June = 4 Total sales in Jan = 2 'units' Total sales in June = 8 'units' Thus PER AGENT, % increase = [(8/4)(2/2)] /(2/2) *100 = 100% increase. Thus B is the correct answer.
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Re: The above graph lists the monthly sales (in $100,000 increments) at a
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10 Jul 2015, 05:09
Bunuel wrote: The above graph lists the monthly sales (in $100,000 increments) at a car dealership. For January and February, the dealership had two sales agents. The dealership added a sales agent in March and one more in May. What was the percent increase in sales per agent in June compared to January? A. 50% B. 100% C. 125% D. 200% E. 400% Kudos for a correct solution.In January, the dealership has 2 agents and sales of $200,000, or $100,000 per agent. After adding two more agents, 4 agents on the sales force for June and sales of $800,000 or $200,000 per agent ($800,000/4). Percent Difference = ($200,000 – $100,000) / ($100,000)= 1 or 100%. ANS B



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Re: The above graph lists the monthly sales (in $100,000 increments) at a
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10 Jul 2015, 05:50
Bunuel wrote: The above graph lists the monthly sales (in $100,000 increments) at a car dealership. For January and February, the dealership had two sales agents. The dealership added a sales agent in March and one more in May. What was the percent increase in sales per agent in June compared to January? A. 50% B. 100% C. 125% D. 200% E. 400% Kudos for a correct solution. Total sales in Jan = 2 units Total number of agents in Jan =2 Sales per Agent in Jan = 2/2 = 1 unitTotal sales in June = 8 units Total number of agents in June = 4 Sales per Agent in June = 8/4 = 2 unit% Increase = [(Final Value  Initial value)/Initial Value]*100i.e. % increase = [(2  1) / 1]*100 = 100%Answer: Option B
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Re: The above graph lists the monthly sales (in $100,000 increments) at a
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11 Jul 2015, 09:47
Bunuel wrote: The above graph lists the monthly sales (in $100,000 increments) at a car dealership. For January and February, the dealership had two sales agents. The dealership added a sales agent in March and one more in May. What was the percent increase in sales per agent in June compared to January? A. 50% B. 100% C. 125% D. 200% E. 400% Kudos for a correct solution.Sales in Jan=$200,000 No of agents in Jan=2 Sales per agent=$100,000 Sales in June=$800,000 No of agents in June=4 Sales per agent in June=$200,000 Reqd % increase=(200,000100,000/100,000)*100=100% Answer B



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Re: The above graph lists the monthly sales (in $100,000 increments) at a
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13 Jul 2015, 01:52
Bunuel wrote: The above graph lists the monthly sales (in $100,000 increments) at a car dealership. For January and February, the dealership had two sales agents. The dealership added a sales agent in March and one more in May. What was the percent increase in sales per agent in June compared to January? A. 50% B. 100% C. 125% D. 200% E. 400% Kudos for a correct solution. 800score Official Solution:(B) In January, the dealership had 2 agents and had sales of $200,000, or $100,000 per agent. An agent was added to the sales force in March (making 3) and then one more was added in May (making 4). This leaves 4 agents on the sales force for June, when the dealership sold $800,000 or $200,000 per agent ($800,000/4). We can find the percent difference by dividing the difference between the two peragent amounts by the peragent amount in January: Percent Difference = ($200,000 – $100,000) / ($100,000)= 100,000 ÷ 100,000 = 1 or 100%. The correct answer is choice (B). The trap answer is choice (D). $200,000 per agent is double $100,000 per agent. But remember that the question asks for the percent increase. $200,000 represents 200% of $100,000, but only 100% more than $100,000.
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Re: The above graph lists the monthly sales (in $100,000 increments) at a
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03 Jul 2020, 09:28
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Re: The above graph lists the monthly sales (in $100,000 increments) at a
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