Hi parchi18oct,
While this IS a weighted average question, you don't actually have to do ANY calculations to solve it. In that way, it's a great "concept" question - if you recognize (and understand) the concept, then you can quickly answer the question (you do have to pay careful attention to all of the details though).
We're asked if AT LEAST 10% of the people who are 65 or older are employed. This is a YES/NO question.
Fact 1: 11.3% of the population is 65 or older.
This tells us NOTHING about whether these people are employed or not.
If 100% of them are employed, then the answer is YES.
If 0% of them are employed, then the answer is NO.
Fact 1 is INSUFFICIENT
Fact 2: Of those 65 years or older, 20% of the men and 10% of the women are employed.
Take a moment to think about the question that was asked. Are AT LEAST 10% of the people aged 65 or older employed? From this Fact, we know that there are some men and some women in this group. With 20% of the men and 10% of the women from this group employed, the weighted average MUST be between 10% and 20%, which means that the answer to the question is ALWAYS YES. The group is AT LEAST 10% employed; you don't have to do any math to prove it.
Fact 2 is SUFFICIENT.
Final Answer: B
It's worth noting that most DS questions require a lot more work than this question required, so you won't be able to "talk" your way past too many of them. If you really know your math rules/concepts/patterns though, you will be able to answer a few DS prompts on Test Day with a minimal amount of work.
GMAT assassins aren't born, they're made,
Rich