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GRE Prep Club Team Member
Joined: 20 Feb 2017
Posts: 2508
Given Kudos: 1053
GPA: 3.39
Each year Mark works 40 hours per week for 50 weeks. Last year Mark wa
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24 Jan 2023, 23:58
24 Jan 2023, 23:58
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Each year Mark works 40 hours per week for 50 weeks. Last year Mark was paid a total of $20,000. If this year his hourly pay rate is raised by $0.50, what is the total amount that Mark will be paid this year?
(A) $30,000
(B) $25,000
(C) $22,500
(D) $21,000
(E) $20,020
(A) $30,000
(B) $25,000
(C) $22,500
(D) $21,000
(E) $20,020
GRE Prep Club Team Member
Joined: 20 Feb 2017
Posts: 2508
Given Kudos: 1053
GPA: 3.39
Re: Each year Mark works 40 hours per week for 50 weeks. Last year Mark wa
[#permalink]
27 Jan 2023, 11:14
27 Jan 2023, 11:14
1
Expert Reply
Mark works 40 Hours - 1 Week
Therefore for 50 Weeks - 40 * 50 Hours of work completed
= 2000 Hours completed last year by Mark.
Now for 2000 Hours, he got $20,000,
Applying Unitary Method,
=> 2000 Hours --- $20,000
=> 1 Hour --- $10
This year he will be given $0.50 more per hour than the previous year,
Hence, this year
1 Hour --- $10.5
So, 2000 Hours --- $ (2000 *10.5)
=> $21,000 for the year
Answer: D
Therefore for 50 Weeks - 40 * 50 Hours of work completed
= 2000 Hours completed last year by Mark.
Now for 2000 Hours, he got $20,000,
Applying Unitary Method,
=> 2000 Hours --- $20,000
=> 1 Hour --- $10
This year he will be given $0.50 more per hour than the previous year,
Hence, this year
1 Hour --- $10.5
So, 2000 Hours --- $ (2000 *10.5)
=> $21,000 for the year
Answer: D
gmatclubot
Re: Each year Mark works 40 hours per week for 50 weeks. Last year Mark wa [#permalink]
27 Jan 2023, 11:14
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