Each of the 20 employees at Company J is to receive an end-of-year bonus this year. Agnes will receive a larger bonus

[Vincen]

Each of the 20 employees at Company J is to receive an end-of-year bonus this year. Agnes will receive a larger bonus than any other employee, but only $500 more than Cheryl will receive. None of the employees will receive a smaller bonus than Cheryl. If the amount of money to be distributed in bonuses at Company J this year totals $60,000, what is the largest bonus Agnes can receive?

A. $3,250
B. $3,325
C. $3,400
D. $3,475
E. $3,500

Answer: D

Source: Official Guide

[Scott@TargetTestPrep]

Each of the 20 employees at Company J is to receive an end-of-year bonus this year. Agnes will receive a larger bonus than any other employee, but only $500 more than Cheryl will receive. None of the employees will receive a smaller bonus than Cheryl. If the amount of money to be distributed in bonuses at Company J this year totals $60,000, what is the largest bonus Agnes can receive?

A. $3,250
B. $3,325
C. $3,400
D. $3,475
E. $3,500

Answer: D

Solution:

We can let the bonus of Cheryl and the other employees = 19x and Agnes’s bonus = x + 500; thus:

20x + 500 = 60,000

20x = 59,500

x = 2,975

Thus, Agnes will receive 2,975 + 500 = $3,475 in bonus.

Answer: D