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At a certain company, employees who earn $20.00 per hour wi
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07 Nov 2019, 11:06

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At a certain company, employees who earn $20.00 per hour will be given an increase of $1.00 per hour. For each of the other employees, either the employee will be given an increase of $1.00 per hour or the employee will be given a percent increase equal to the percent increase that will be given to the employees who earn $20.00 per hour, whichever results in a larger increase for that employee. Which of the following statements are true?

Indicate all such statements.

A. An employee who earns less than $20.00 per hour will be given a percent increase that is greater than the percent increase that will be given to the employees who earn $20.00 per hour.

B. An employee who earns $22.00 per hour will be given an increase of $1.10 per hour.

C. An employee who earns $24.00 per hour will earn $25.20 per hour after the increase.

_________________

Indicate all such statements.

A. An employee who earns less than $20.00 per hour will be given a percent increase that is greater than the percent increase that will be given to the employees who earn $20.00 per hour.

B. An employee who earns $22.00 per hour will be given an increase of $1.10 per hour.

C. An employee who earns $24.00 per hour will earn $25.20 per hour after the increase.

_________________

Re: At a certain company, employees who earn $20.00 per hour wi
[#permalink]
07 Nov 2019, 18:36

2

A. An employee who earns less than $20.00 per hour will be given a percent increase that is greater than the percent increase that will be given to the employees who earn $20.00 per hour.

B. An employee who earns $22.00 per hour will be given an increase of $1.10 per hour.

C. An employee who earns $24.00 per hour will earn $25.20 per hour after the increase.

B. An employee who earns $22.00 per hour will be given an increase of $1.10 per hour.

C. An employee who earns $24.00 per hour will earn $25.20 per hour after the increase.

Show: ::

A is correct. $1 is 5% of $20. If an employee makes less than $20.00 an hour (e.g. $19 dollars an hour), a $1 increase is 5.26%, which is greater than 5%.

B is correct. 5% of $22.00 is $1.10 per hour.

C is correct. 5% of $24.00 is $1.20. $24.00 + $1.20 = $25.20 per hour.

B is correct. 5% of $22.00 is $1.10 per hour.

C is correct. 5% of $24.00 is $1.20. $24.00 + $1.20 = $25.20 per hour.

Re: At a certain company, employees who earn $20.00 per hour wi
[#permalink]
16 Jun 2020, 22:00

How can we find out in such questions the percent increase? like here it is taken as 5% of 20. So how can we assume that?

_________________

_________________

Ever Tried? Ever Failed? No Matter. Try Again. Fail Again. Fail Better!!

Re: At a certain company, employees who earn $20.00 per hour wi
[#permalink]
17 Jun 2020, 11:36

3

Farina wrote:

How can we find out in such questions the percent increase? like here it is taken as 5% of 20. So how can we assume that?

GIVEN: At a certain company, employees who earn $20.00 per hour will be given an increase of $1.00 per hour. For each of the other employees, either the employee will be given an increase of $1.00 per hour or the employee will be given a percent increase equal to the percent increase that will be given to the employees who earn $20.00 per hour, whichever results in a larger increase for that employee. Which of the following statements are true?

Are you referring to Statement A?

A. An employee who earns less than $20.00 per hour will be given a percent increase that is greater than the percent increase that will be given to the employees who earn $20.00 per hour.

If someone presently earns $20 per hour, a $1 increase represents a 5% increase.

Percent increase = 100(new - old)/old

Since the new wage is $21 per hour, the percent increase = 100(21-20)/20 = 100/20 = 5 (percent)

Let's see what happens if someone presently earns $18 per hour

This person's new age will be $19/hour

In this case, the percent increase = 100(19-18)/18 =100/18 ≈ 5.56 (percent)

Does that help?

_________________

Re: At a certain company, employees who earn $20.00 per hour wi
[#permalink]
17 Jun 2020, 18:26

GreenlightTestPrep wrote:

Farina wrote:

How can we find out in such questions the percent increase? like here it is taken as 5% of 20. So how can we assume that?

GIVEN: At a certain company, employees who earn $20.00 per hour will be given an increase of $1.00 per hour. For each of the other employees, either the employee will be given an increase of $1.00 per hour or the employee will be given a percent increase equal to the percent increase that will be given to the employees who earn $20.00 per hour, whichever results in a larger increase for that employee. Which of the following statements are true?

Are you referring to Statement A?

A. An employee who earns less than $20.00 per hour will be given a percent increase that is greater than the percent increase that will be given to the employees who earn $20.00 per hour.

If someone presently earns $20 per hour, a $1 increase represents a 5% increase.

Percent increase = 100(new - old)/old

Since the new wage is $21 per hour, the percent increase = 100(21-20)/20 = 100/20 = 5 (percent)

Let's see what happens if someone presently earns $18 per hour

This person's new age will be $19/hour

In this case, the percent increase = 100(19-18)/18 =100/18 ≈ 5.56 (percent)

Does that help?

yes Brent, I was confused in statement A, it was difficult to comprehend. I understood it now. You made it very simple as usual. Thanks

_________________

Ever Tried? Ever Failed? No Matter. Try Again. Fail Again. Fail Better!!

Re: At a certain company, employees who earn $20.00 per hour wi
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14 Sep 2022, 10:27

1

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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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