Salary

This topic has expert replies
Legendary Member
Posts: 882
Joined: Fri Feb 20, 2009 2:57 pm
Thanked: 15 times
Followed by:1 members
GMAT Score:690

Salary

by crackgmat007 » Wed May 13, 2009 9:15 pm
At a certain company, each employee has a salary grade s that is at least 1 and at most 5. Each employee receives an hourly wage p, in dollars, determined by the formula p = 9.50 + 0.25(s – 1). An employee with a salary grade of 5 receives how many more dollars per hour than an employee with a salary grade of 1?
A. $0.50
B. $1.00
C. $1.25
D. $1.50
E. $1.75

IMO-B
Last edited by crackgmat007 on Thu May 14, 2009 8:50 pm, edited 1 time in total.

Senior | Next Rank: 100 Posts
Posts: 59
Joined: Tue May 05, 2009 1:58 am
Thanked: 1 times

Re: Salary

by Pranay » Wed May 13, 2009 9:55 pm
crackgmat007 wrote:At a certain company, each employee has a salary grade s that is at least 1 and at most 5. Each employee receives an hourly wage p, in dollars, determined by the formula p = 9.50 + 0.25(s – 1). An employee with a salary grade of 5 receives how many more dollars per hour than an employee with a salary grade of 1?
A. $0.50
B. $1.00
C. $1.25
D. $1.50
E. $1.75

Is the answer to the above questions C? I am getting B. Pls clarify
[9.5 + 0.25(5-1)] - [9.5 +0.25(1-1)] = $1.00

Thus B. :)

Legendary Member
Posts: 1035
Joined: Wed Aug 27, 2008 10:56 pm
Thanked: 104 times
Followed by:1 members

by scoobydooby » Wed May 13, 2009 9:55 pm