A certain bakery has 6 employees. It pays annual salaries of $14,000 to each of 2 employees, $16,000 to 1 employee, and

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sambati: Junior | Next Rank: 30 Posts; Posts: 11; Joined: Tue Jul 21, 2020 10:14 am

by sambati » Tue Jul 21, 2020 10:57 am

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A certain bakery has 6 employees. It pays annual salaries of $14,000 to each of 2 employees, $16,000 to 1 employee, and $17,000 to each of the remaining 3 employees. The average (arithmetic mean) annual salary of these employees is closest to which of the following?
A. $15,200
B. $15,500
C. $15,800
D. $16,000
E. $16,400

Source: Beat The GMAT — Problem Solving | Tue Jul 21, 2020 10:57 am

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Re: A certain bakery has 6 employees. It pays annual salaries of $14,000 to each of 2 employees, $16,000 to 1 employee,

by Scott@TargetTestPrep » Fri Jul 23, 2021 8:49 am

sambati wrote: ↑
Tue Jul 21, 2020 10:57 am
A certain bakery has 6 employees. It pays annual salaries of $14,000 to each of 2 employees, $16,000 to 1 employee, and $17,000 to each of the remaining 3 employees. The average (arithmetic mean) annual salary of these employees is closest to which of the following?
A. $15,200
B. $15,500
C. $15,800
D. $16,000
E. $16,400

Solution:

The average annual salary of these employees is (14,000 x 2 + 16,000 x 1 + 17,000 x 3)/6 = 95,000/6 = $15,833.33 or approximately $15,800.

Answer: C

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