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16 Jul 2014, 00:04
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D
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85% (01:17) correct
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A sales associate earns a commission of 8% on her first $10,000 in sales revenue in a given week and a commission of 10% on any additional sales revenue that the associate generates that week. How much sales revenue did the associate generate last week?
(1) The sales associate earned a total of $1,500 in commission last week.
(2) Last week, the sales associate was eligible for the 10% commission rate on $7,000 of additional sales.
(1) The sales associate earned a total of $1,500 in commission last week.
(2) Last week, the sales associate was eligible for the 10% commission rate on $7,000 of additional sales.
16 Jul 2014, 01:40
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A sales associate earns a commission of 8% on her first $10,000 in sales revenue in a given week and a commission of 10% on any additional sales revenue that the associate generates that week. How much sales revenue did the associate generate last week?
8% on first $10,000 = $800.
(1) The sales associate earned a total of $1,500 in commission last week. So, the commission from additional sales was $1,500 - $800 = $700, which means that additional sales was $700*10 = $7,000. Total sales = $10,000 + $7,000 = $17,000. Sufficient.
(2) Last week, the sales associate was eligible for the 10% commission rate on $7,000 of additional sales. Total sales = $10,000 + $7,000 = $17,000. Sufficient.
Answer: D.
8% on first $10,000 = $800.
(1) The sales associate earned a total of $1,500 in commission last week. So, the commission from additional sales was $1,500 - $800 = $700, which means that additional sales was $700*10 = $7,000. Total sales = $10,000 + $7,000 = $17,000. Sufficient.
(2) Last week, the sales associate was eligible for the 10% commission rate on $7,000 of additional sales. Total sales = $10,000 + $7,000 = $17,000. Sufficient.
Answer: D.
24 Sep 2015, 07:16
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Hi Experts,
Why do we assume that the first sales is of $10,000 exact?
What if the first sales was of $12000 earning a commission of $960 and then the sale was of $5400 for a commission of $540? This way too the commission is $1500 but the total sales is more than $17k
Please advise what am I missing here?
Why do we assume that the first sales is of $10,000 exact?
What if the first sales was of $12000 earning a commission of $960 and then the sale was of $5400 for a commission of $540? This way too the commission is $1500 but the total sales is more than $17k
Please advise what am I missing here?
