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24 Apr 2013, 21:05
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B
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
85%
(hard)
Question Stats:
35% (02:29) correct
65%
(02:33)
wrong
based on 23
sessions
History
Date
Time
Result
Not Attempted Yet
An IT Department employs 8 people at an average salary of $80,000 yearly. The company pays yearly bonuses equal to 15% of the employee's annual salary. Does the maximum individual bonus payment due to an employee in the IT department exceed $10,000?
(1) The average salary of the five lowest paid and one highest paid IT employee is $93,600.
(2) IT employee salaries run from 65% to 135% of the average department salary.
(1) The average salary of the five lowest paid and one highest paid IT employee is $93,600.
(2) IT employee salaries run from 65% to 135% of the average department salary.
I've been going through a Princeton Review book "1012 GMAT Practice Questions" and have come upon this problem:
"An IT Department employs 8 people at an average salary of $80,000 yearly.
The company pays yearly bonuses equal to 15% of the employee's annual salary.
Does the maximum individual bonus payment due to an employee in the IT department exceed $10,000?"
If I am reading the terms correctly, I know the answer without needing to use either of the statements which follow the question.
If the average salary is $80,000, then the maximum salary is >=$80,000. In all cases where the salary is >=$80,000 the bonus will be >=$12,000, so the answer to the problem's key question "Does the ... bonus ... exceed $10,000?" is already known. I have seen other sample questions like this on other websites so I am concerned that this type of problem will be on the actual GMAT.
The statements for the problem are :
(1) The average salary of the five lowest paid and one highest paid IT employee is $93,600.
(2) IT employee salaries run from 65% to 135% of the average department salary.
The answer page says that "B" is the correct answer because statement 2 allows me to calculate the value of the maximum bonus, but I don't need to know the value of the bonus, just whether or not it exceeds $10,000.
When I saw a similar problem on a website I assumed the website creator had created a poor sample question, but seeing a similar problem in a Princeton Review book has me concerned.
Am I correct that I can answer the key question with neither statement? Has anyone seen other sample problems with this error? Has anyone seen this situation on an actual GMAT exam?
Thanks!
"An IT Department employs 8 people at an average salary of $80,000 yearly.
The company pays yearly bonuses equal to 15% of the employee's annual salary.
Does the maximum individual bonus payment due to an employee in the IT department exceed $10,000?"
If I am reading the terms correctly, I know the answer without needing to use either of the statements which follow the question.
If the average salary is $80,000, then the maximum salary is >=$80,000. In all cases where the salary is >=$80,000 the bonus will be >=$12,000, so the answer to the problem's key question "Does the ... bonus ... exceed $10,000?" is already known. I have seen other sample questions like this on other websites so I am concerned that this type of problem will be on the actual GMAT.
The statements for the problem are :
(1) The average salary of the five lowest paid and one highest paid IT employee is $93,600.
(2) IT employee salaries run from 65% to 135% of the average department salary.
The answer page says that "B" is the correct answer because statement 2 allows me to calculate the value of the maximum bonus, but I don't need to know the value of the bonus, just whether or not it exceeds $10,000.
When I saw a similar problem on a website I assumed the website creator had created a poor sample question, but seeing a similar problem in a Princeton Review book has me concerned.
Am I correct that I can answer the key question with neither statement? Has anyone seen other sample problems with this error? Has anyone seen this situation on an actual GMAT exam?
Thanks!
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SpencerH
Edited the Mistake.Gross Mistake.Thanks to doe007.
+1
24 Apr 2013, 21:52
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So far I have never seen such question from GMAC and I don't believe GMAC will ever set a DS question where stimulus will be self-sufficient to provide the answer and there will not be any need for the statements.
The sample question here is just poorly constructed question and it violates the structure for DS question.
In this particular case, if the question were "Does the maximum individual bonus payment due to an employee in the IT department exceed $15,000?", then the stimulus would have not have been self-sufficient (80,000*0.15 < 15,000) and statement A would have been insufficient (93,000*0.15 < 15,000), but statement 2 would have been sufficient (80,000*1.35*0.15 > 15,000).
The sample question here is just poorly constructed question and it violates the structure for DS question.
In this particular case, if the question were "Does the maximum individual bonus payment due to an employee in the IT department exceed $15,000?", then the stimulus would have not have been self-sufficient (80,000*0.15 < 15,000) and statement A would have been insufficient (93,000*0.15 < 15,000), but statement 2 would have been sufficient (80,000*1.35*0.15 > 15,000).
