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Re: Two men X and Y started working for a certain company at similar jobs [#permalink]
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Bunuel wrote:
Two men X and Y started working for a certain company at similar jobs on January 1, 1950. X asked for an initial salary of $300 with an annual increment of $30. Y asked for an initial salary of $200 with a raise of $15 every six months. Assume that the arrangements remained unaltered till December 31, 1959. Salary is paid on the last day of the month. What is the total amount paid to them as salary during the period?

A. $93,300
B. $93,200
C. $93,175
D. $93,150
E. $93,100


We are totaling 10 years of salary for each person, since X has an increase every year, we can group the monthly salaries into annual ones to have:

$3600 base salary, increased by $360 each year.

His salary for the last year would be \(3600 + 360*9\), the mean and median of each year's salaries would be \(\frac{3600 + 3600 + 360*9 }{ 2} = 3600 + 180*9 = 3600 + 1620 = 5220\). Finally multiply by 10 since that is the average for 10 years, to get \(52,200\).

For Y we repeat the same steps but we can consider 20 periods of 6 months, hence base salary 1200 with increments of 90.

At the end of 10 years his salary would be \(1200 + 90*19\). The mean and median of these 20 salaries would be \(\frac{1200 + 1200 + 90*19}{2}\). Multiply by 20 to get \(24000 + 900*19 = 24000 + 17100 = 41,100\).

Finally, add both salaries to get 93,300.

Ans: A
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Two men X and Y started working for a certain company at similar jobs [#permalink]
I did not read it well...

Originally posted by andreagonzalez2k on 31 May 2021, 17:28.
Last edited by andreagonzalez2k on 31 May 2021, 21:52, edited 1 time in total.
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Re: Two men X and Y started working for a certain company at similar jobs [#permalink]
Salary of X = 300x 12 + 330 x 12 .... upto 10 terms
= 12 (300+330+360... upto 10 terms)

Sum of salaries of x for 10 years = 12 x (2(First term) x (n-1)difference) x n/2 = 12 x(2(300) + (10-1)30)x 10/2
= 12 x 870 x 10 /2 = 60 x 870 = 52200

Salary of Y = 200 x 6 + 215 x 6 --- upto 20 terms
= 6 ( 200 +215 + ... upto 20 terms)

Sum of Salaries of Y for 10 years = 6 x (2(First term) x (n-1)difference) x n/2 = 6 x(2(200) + (20-1)15)x 20/2
= 6 x 685 x 20 /2 = 60 x 685 = 41100

Total salary of X & Y = 52200 + 41100 = 93300
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Two men X and Y started working for a certain company at similar jobs [#permalink]
Why are we multiplying by 12 for X and 6 for Y. I do not see anywhere in the question 300$/month or 200$/month

Or am I missing something?
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Re: Two men X and Y started working for a certain company at similar jobs [#permalink]
rsrighosh wrote:
Why are we multiplying by 12 for X and 6 for Y. I do not see anywhere in the question 300$/month or 200$/month

Or am I missing something?


annual hike for X
where as bi annual hike for Y
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Re: Two men X and Y started working for a certain company at similar jobs [#permalink]
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