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A certain car dealership sells only full-size and mid-size
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Updated on: 03 Feb 2020, 12:55
Updated on: 03 Feb 2020, 12:55
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Question Stats:
42% (01:17) correct
57% (03:11) wrong based on 7 sessions
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A certain car dealership sells only full-size and mid-size cars. One of its sales representatives receives an annual salary of $15,000. He also receives a commission of $800 for each full-size car he sells and $500 for each midsize car he sells. What is the least number of cars he must sell in a year to receive total annual earnings of exactly $25,000?
(A) 7
(B) 12
(C) 13
(D) 14
(E) 17
(A) 7
(B) 12
(C) 13
(D) 14
(E) 17
Re: A certain car dealership sells only full-size and mid-size
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03 Feb 2020, 13:07
03 Feb 2020, 13:07
1
Expert Reply
\(15,000+800F+500M=25,000\) --> \(8F+5M=100\).
Minimize F+M. To do that we need to minimize M (or which is the same we need to maximize F) --> \(M=4\) and \(F=10\) --> \(F+M=14\).
Answer: D.
Minimize F+M. To do that we need to minimize M (or which is the same we need to maximize F) --> \(M=4\) and \(F=10\) --> \(F+M=14\).
Answer: D.
Re: A certain car dealership sells only full-size and mid-size
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30 Aug 2021, 05:35
30 Aug 2021, 05:35
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Thanks to another GRE Prep Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).
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