Source: Veritas Prep
The largest bonus that Felix can receive this year is equal to 20% of his annual salary. The smallest bonus that he can receive this year is 30% of his largest possible bonus. What is Felix's annual salary?
1. The smallest possible bonus that Felix can receive this year is $4800.00.
2. The difference between the largest and smallest bonus that Felix can receive this year is $11,200.00.
The OA is D
The largest bonus that Felix can receive this year is equal
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Say Felix's annual salary is $S.BTGmoderatorLU wrote:Source: Veritas Prep
The largest bonus that Felix can receive this year is equal to 20% of his annual salary. The smallest bonus that he can receive this year is 30% of his largest possible bonus. What is Felix's annual salary?
1. The smallest possible bonus that Felix can receive this year is $4800.00.
2. The difference between the largest and smallest bonus that Felix can receive this year is $11,200.00.
The OA is D
Thus,
The largest bonus that Felix can receive = 20% of S = S/5;
The smallest bonus that Felix can receive = 30% of 20% of S = 3S/50
We have to determine that value of S.
1. The smallest possible bonus that Felix can receive this year is $4800.00.
=> 3S/50 = 4800
=> S = unique value. Sufficient
2. The difference between the largest and smallest bonus that Felix can receive this year is $11,200.00.
=> S/5 - 3S/50 = 11,200
=> S = unique value. Sufficient
The correct answer: D
Hope this helps!
-Jay
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