BREAKING: Target Test Prep releases Brand New 2026 On Demand GMAT prep course

Redeem

a commission of 3%

This topic has expert replies
Post new topic Post Reply
Previous Topic Next Topic
User avatar
GMAT Instructor
Posts: 3650
Joined: Wed Jan 21, 2009 4:27 am
Location: India
Thanked: 267 times
Followed by:80 members
GMAT Score:760

a commission of 3%

by sanju09 » Wed Feb 18, 2009 6:21 am
If a salesman received a commission of 3% of the sales that he has booked in a month, what was the sales booked by the salesman in the month of November 2003?

(1) The sales booked by the salesman in the month of November 2003 minus salesman's commission was $245,000

(2) The selling price of the sales booked by the salesman in the month of November 2003 were 125 percent of the original purchase price of $225,000.
The mind is everything. What you think you become. -Lord Buddha



Sanjeev K Saxena
Quantitative Instructor
The Princeton Review - Manya Abroad
Lucknow-226001

www.manyagroup.com
Top
Source: — Data Sufficiency |
Master | Next Rank: 500 Posts
Posts: 258
Joined: Thu Aug 07, 2008 5:32 am
Thanked: 16 times

Re: a commission of 3%

by x2suresh » Wed Feb 18, 2009 6:47 am
sanju09 wrote:If a salesman received a commission of 3% of the sales that he has booked in a month, what was the sales booked by the salesman in the month of November 2003?

(1) The sales booked by the salesman in the month of November 2003 minus salesman's commission was $245,000

(2) The selling price of the sales booked by the salesman in the month of November 2003 were 125 percent of the original purchase price of $225,000.
D
Top
User avatar
Master | Next Rank: 500 Posts
Posts: 248
Joined: Mon Aug 11, 2008 9:51 am
Thanked: 13 times

by earth@work » Wed Feb 18, 2009 7:19 am
D

(1) The sales booked by the salesman in the month of November 2003 minus salesman's commission was $245,000
let sales booked = X
x-3%X = 245000.............suff

(2) The selling price of the sales booked by the salesman in the month of November 2003 were 125 percent of the original purchase price of $225,000.
X = S.P = 125% of 225000 .........suff

What is the OA?
Top
Master | Next Rank: 500 Posts
Posts: 129
Joined: Mon Dec 15, 2008 11:43 pm
Location: Hyderabad
Thanked: 2 times

yes

by naaga » Wed Feb 18, 2009 7:29 am
ans is D
Top
User avatar
GMAT Instructor
Posts: 3650
Joined: Wed Jan 21, 2009 4:27 am
Location: India
Thanked: 267 times
Followed by:80 members
GMAT Score:760

by sanju09 » Thu Feb 19, 2009 2:34 am
earth@work wrote:D

(1) The sales booked by the salesman in the month of November 2003 minus salesman's commission was $245,000
let sales booked = X
x-3%X = 245000.............suff

(2) The selling price of the sales booked by the salesman in the month of November 2003 were 125 percent of the original purchase price of $225,000.
X = S.P = 125% of 225000 .........suff

What is the OA?
OA is D. Bingo.. all of you guys!
The mind is everything. What you think you become. -Lord Buddha



Sanjeev K Saxena
Quantitative Instructor
The Princeton Review - Manya Abroad
Lucknow-226001

www.manyagroup.com
Top
Post new topic Post Reply
• Page 1 of 1