Source: GMAT Prep
For each of her sales, a saleswoman receives a commission equal to 20 percent of the first $500 of the total amount of the sale, plus 30 percent of the total amount in excess of $500. If the total amount of one of her sales was $800, the saleswoman's commission was approximately what percent of the total amount of the sale?
A. 22%
B. 24%
C. 25%
D. 27%
E. 28%
The OA is B
5-Day Free Trial
5-day free, full-access trial TTP
Available with Beat the GMAT members only code
MORE DETAILS
For each of her sales, a saleswoman receives a commission
This topic has expert replies
-
BTGmoderatorLU
- Moderator
- Posts: 2209
- Joined: Sun Oct 15, 2017 1:50 pm
- Followed by:6 members
Timer
00:00
Your Answer
A
B
C
D
E
Global Stats
GMAT/MBA Expert
-
Brent@GMATPrepNow
- GMAT Instructor
- Posts: 16207
- Joined: Mon Dec 08, 2008 6:26 pm
- Location: Vancouver, BC
- Thanked: 5254 times
- Followed by:1268 members
- GMAT Score:770
Saleswoman receives a commission equal to 20 percent of the first $500 of the total amount of the sale, plus 30 percent of the total amount in excess of $500BTGmoderatorLU wrote:Source: GMAT Prep
For each of her sales, a saleswoman receives a commission equal to 20 percent of the first $500 of the total amount of the sale, plus 30 percent of the total amount in excess of $500. If the total amount of one of her sales was $800, the saleswoman's commission was approximately what percent of the total amount of the sale?
A. 22%
B. 24%
C. 25%
D. 27%
E. 28%
If she sold $800, then...
Commission = (20 percent of $500) + (30 percent of $300)
= $100 + $90
= $190
The saleswoman's commission was approximately what percent of the total amount of the sale?
$190/$800 = 19/80 = 0.2375 = 23.75%
Answer: B
Cheers,
Brent
Brent Hanneson - Creator of GMATPrepNow.com
-
GMATGuruNY
- GMAT Instructor
- Posts: 15539
- Joined: Tue May 25, 2010 12:04 pm
- Location: New York, NY
- Thanked: 13060 times
- Followed by:1906 members
- GMAT Score:790
The first $500 of the $800 sale earns 20% commission, while the remaining $300 earns 30%.BTGmoderatorLU wrote:Source: GMAT Prep
For each of her sales, a saleswoman receives a commission equal to 20 percent of the first $500 of the total amount of the sale, plus 30 percent of the total amount in excess of $500. If the total amount of one of her sales was $800, the saleswoman's commission was approximately what percent of the total amount of the sale?
A. 22%
B. 24%
C. 25%
D. 27%
E. 28%
Average commission percentage per $800 = (500*20 + 300*30)/800 = (5*20 + 3*30)/8 = 190/8 = 23.75 ≈ 24.
The correct answer is B.
Private tutor exclusively for the GMAT and GRE, with over 20 years of experience.
Followed here and elsewhere by over 1900 test-takers.
I have worked with students based in the US, Australia, Taiwan, China, Tajikistan, Kuwait, Saudi Arabia -- a long list of countries.
My students have been admitted to HBS, CBS, Tuck, Yale, Stern, Fuqua -- a long list of top programs.
As a tutor, I don't simply teach you how I would approach problems.
I unlock the best way for YOU to solve problems.
For more information, please email me (Mitch Hunt) at [email protected].
Student Review #1
Student Review #2
Student Review #3
Followed here and elsewhere by over 1900 test-takers.
I have worked with students based in the US, Australia, Taiwan, China, Tajikistan, Kuwait, Saudi Arabia -- a long list of countries.
My students have been admitted to HBS, CBS, Tuck, Yale, Stern, Fuqua -- a long list of top programs.
As a tutor, I don't simply teach you how I would approach problems.
I unlock the best way for YOU to solve problems.
For more information, please email me (Mitch Hunt) at [email protected].
Student Review #1
Student Review #2
Student Review #3
GMAT/MBA Expert
-
Scott@TargetTestPrep
- GMAT Instructor
- Posts: 7247
- Joined: Sat Apr 25, 2015 10:56 am
- Location: Los Angeles, CA
- Thanked: 43 times
- Followed by:29 members
We can first determine the commission for the 800 dollar sale:BTGmoderatorLU wrote:Source: GMAT Prep
For each of her sales, a saleswoman receives a commission equal to 20 percent of the first $500 of the total amount of the sale, plus 30 percent of the total amount in excess of $500. If the total amount of one of her sales was $800, the saleswoman's commission was approximately what percent of the total amount of the sale?
A. 22%
B. 24%
C. 25%
D. 27%
E. 28%
The OA is B
0.2 x 500 + 0.3 x 300 = 100 + 90 = 190
So the commission was 190/800 = 19/80 or slightly less than 20/80 = 1/4 = 25%, so 24%.
Answer: B
Scott Woodbury-Stewart
Founder and CEO
[email protected]
See why Target Test Prep is rated 5 out of 5 stars on BEAT the GMAT. Read our reviews
