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

Redeem
TTP OnDemand GMAT Video Course
Featured Course

Target Test Prep GMAT OnDemand

Scott Woodbury-Stewart’s private virtual classroom — 400 hours of master-class video lessons for the GMAT Focus Edition.

  • 715+ score guarantee — highest in the industry (99th percentile)
  • 52 chapters · 1,500+ lessons · 4,000+ practice questions
  • 400 hours of video · 1,500+ instructor-led HD smartboard lessons
  • 300,000+ students accepted to Harvard, Stanford, Wharton, Booth & Sloan & more
  • 24/7 live support + weekly Zoom office hours with GMAT instructors
  • TTP AI Assist — 24/7 AI-powered virtual tutor for instant help
  • 1,200+ flashcards + AI-powered study assistant & daily calendar
  • OnDemand, LiveTeach & GMAT Bootcamp formats available
  • Also: GRE, SAT Math & Executive Assessment courses
  • MBA Admissions Consulting now available
  • 🏆 2025 EdTech Breakthrough Award: Test Prep Solution Provider of the Year
  • 200,000+ students served
  • 5-day free trial — $0 to start, no auto-billing, cancel anytime
★★★★★ 5.0 (559 reviews)
130-pt guarantee
$0 to start then $127/mo
Start Free 5-Day Trial Read 559 Reviews →

OG The sum of the weekly salaries

Expert replies
Post new topic Post Reply
Previous Topic Next Topic
Master | Next Rank: 500 Posts
Posts: 394
Joined: Sun Jul 02, 2017 10:59 amFollowed by: 5 members
Thanked: 1 times
by AbeNeedsAnswers » Thu Aug 17, 2017 7:14 pm

Timer

00:00

Answers

A

B

C

D

E

Stats

Difficulty—

The sum of the weekly salaries of 5 employees is $3,250. If each of the 5 salaries is to increase by 10 percent, then the average (arithmetic mean) weekly salary per employee will increase by

A. $52.50
B. $55.00
C. $57.50
D. $62.50
E. $65.00

E
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Source: — Problem Solving |

GMAT/MBA Expert

User avatar
Elite Legendary Member
Posts: 10392
Joined: Sun Jun 23, 2013 6:38 pmFollowed by: 511 members
Location: Palo Alto, CA
Thanked: 2867 times
GMAT Score:800

by [email protected] » Fri Aug 18, 2017 10:15 am
Hi AbeNeedsAnswers,

We're told that the SUM of the weekly salaries of 5 employees is $3,250 and that each of the 5 salaries is to increase by 10 percent. We're asked for the AVERAGE increase in weekly salary per employee.

This question ultimately comes down to working through some arithmetic, but there are a couple of different ways to do that math (and some require fewer 'steps' than others).

Since the TOTAL of the salaries is $3,250, a 10% increase in those salaries would be $325. That increase, when averaged across the 5 employees, would be...

$325/5 = $65

Final Answer: E

GMAT assassins aren't born, they're made,
Rich
Contact Rich at [email protected]
Image
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
GMAT Instructor
Posts: 2630
Joined: Wed Sep 12, 2012 3:32 pmFollowed by: 119 members
Location: East Bay all the way
Thanked: 625 times
GMAT Score:780

by Matt@VeritasPrep » Fri Aug 18, 2017 1:32 pm
Say our salaries are a, b, c, d, e.

We know that (a + b + c + d + e) = 3250. If everybody's salary goes up by 10%, then we just multiply each side by 1.1:

1.1 * (a + b + c + d + e) = 1.1 * 3250

Since the average = 3250/5, we can see that average went up by 10% too, and we're set.
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY

GMAT/MBA Expert

User avatar
GMAT Instructor
Posts: 8137
Joined: Sat Apr 25, 2015 10:56 amFollowed by: 29 members
Location: Los Angeles, CA
Thanked: 43 times

by Scott@TargetTestPrep » Wed Nov 15, 2017 3:51 pm
AbeNeedsAnswers wrote:The sum of the weekly salaries of 5 employees is $3,250. If each of the 5 salaries is to increase by 10 percent, then the average (arithmetic mean) weekly salary per employee will increase by

A. $52.50
B. $55.00
C. $57.50
D. $62.50
E. $65.00
The original average salary is 3,250/5 = 650.

If each of the 5 salaries will increase by 10%, the new sum of the salaries will also increase by 10%. Thus, the new sum is:

0.1 x 3,250 + 3,250 = 325 + 3,250 = 3,575

Thus, the new average salary is 3575/5 = 715 and each salary increases by 715 - 650 = $65.

Alternate Solution:

If each of the salaries is increased by 10%, then the average salary will increase by 10% as well. The original average salary is 3,250/5 = 650. Thus, a 10% salary increase is 650 x 0.10 = 65 per person.

Answer: E

Scott Woodbury-Stewart
Founder and CEO
[email protected]

Image

See why Target Test Prep is rated 5 out of 5 stars on BEAT the GMAT. Read our reviews

ImageImage
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Post new topic Post Reply
• Page 1 of 1