your numbers aren't quite right. you should double-check the table.parallel_chase wrote:Answer should be $150
1000 - 0.5
2000 - 1.0
4000 - 1.5
3000 - 1.5
I am getting values around 135.
The maximum value should be 150.
1000+3000+6000+10000 = $20000missionmba wrote:I was thinking for max bonus the solution should be
0.5% of $1,000 (from 0-1000),
1.0% of $3,000 (from 1000-3000),
1.5% of $6,000 (from 3000-6000),
2.0% of $10,000 (from 6000-10,000).
=> 5 + 30 + 90 + 200 = 325
can someone pls explain
there's definitely a mistake, but i don't think you've identified it correctly; i don't think the above poster intended to add together $1000, $3000, $6000, and $10,000. i think the poster was doing the following:parallel_chase wrote:1000+3000+6000+10000 = $20000missionmba wrote:I was thinking for max bonus the solution should be
0.5% of $1,000 (from 0-1000),
1.0% of $3,000 (from 1000-3000),
1.5% of $6,000 (from 3000-6000),
2.0% of $10,000 (from 6000-10,000).
=> 5 + 30 + 90 + 200 = 325
can someone pls explain
What you did is an ideal GMAT trap for this question.
If you calculate your total amount it exceeds $10000
The question say bonus is payed on first 1000, next 2000 and so on upto 10000.
The total should never exceed 10000.
Therefore the maximum bonus payed is 150.
0.5% of $1000 (from 0-1000),
1.0% of $2000 (from 1000-3000),
1.5% of $3000 (from 3000-6000),
2.0% of $4000 (from 6000-10,000).
1000+2000+3000+3000+4000 = 10000
$5 + $20 + $45 + $80 = $150
Hope this helps.
