Mascarfi wrote:
The largest bonus that Felix can receive this year is equal to 20% of his annual salary. The smallest bonus that he can receive this year is 30% of his largest possible bonus. What is Felix's annual salary?
1. The smallest possible bonus that Felix can receive this year is $4800.00
2. The difference between the largest and smallest bonus that Felix can receive this year is $11,200.00.
Let the salary be \(x\)
1. The smallest possible bonus that Felix can receive this year is $4800.00
\(4800 = 0.3 * 0.2 * x\)
We can determine the salary using the above equation as only unknown variable is \(x\)
Hence, (1) ===== is SUFFICIENT2. The difference between the largest and smallest bonus that Felix can receive this year is $11,200.00.
\(11,200 = 0.14 * x\)
We can determine the salary using the above equation as only unknown variable is \(x\)
Hence, (2) ===== is SUFFICIENTHence, Answer is D
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