Last year an employee received a gross annual salary of $18,000, which has paid in equal paychecks throughout the year. What was the gross salary received in each of the paychecks?
1. The employee received a total of 24 paychecks during the year.
2. The employee received a paycheck twice a month each month during the year.
The OA is D.
Please, can someone assist me with this DS question? Thanks in advance!
Last year an employee received a gross annual salary of
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Let the number of paychecks be 'n'
So, Per paycheck payment= 18000/n
Statement 1: It is sufficient as it gives the value of n=24
Statement 2: It is also sufficient, as we get, n=2*12= 24
So, Per paycheck payment= 18000/n
Statement 1: It is sufficient as it gives the value of n=24
Statement 2: It is also sufficient, as we get, n=2*12= 24
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Gross annual salary = $18, 000
Question : What was the gross salary received in each of the paychecks?
Statement 1: The employees received a total of 24 paychecks during the year.
$$therefore,gross salary per paycheck=\frac{\left[\$18,000\right]}{24}$$
= $750
Statement 2 is also sufficient.
Final answer is option D, because each statement alone is sufficient.
Question : What was the gross salary received in each of the paychecks?
Statement 1: The employees received a total of 24 paychecks during the year.
$$therefore,gross salary per paycheck=\frac{\left[\$18,000\right]}{24}$$
= $750
Statement 2 is also sufficient.
Final answer is option D, because each statement alone is sufficient.