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Whenever Art Dealer sells a sculpture, he earns a 20 percent
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26 Oct 2019, 08:30
26 Oct 2019, 08:30
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97% (01:37) correct
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Whenever Art Dealer sells a sculpture, he earns a 20 percent commission on the first $12,000 of the sale price plus 15 percent of the sale price in excess of $12,000. If Art earned a $3,900 commission on the sale of a certain sculpture, what was the sale price?
A. \(13500\)
B. \(14500\)
C. \(16000\)
D. \(18000\)
E. \(22000\)
A. \(13500\)
B. \(14500\)
C. \(16000\)
D. \(18000\)
E. \(22000\)
Re: Whenever Art Dealer sells a sculpture, he earns a 20 percent
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27 Oct 2019, 06:09
27 Oct 2019, 06:09
2
huda wrote:
Whenever Art Dealer sells a sculpture, he earns a 20 percent commission on the first $12,000 of the sale price plus 15 percent of the sale price in excess of $12,000. If Art earned a $3,900 commission on the sale of a certain sculpture, what was the sale price?
A. \(13500\)
B. \(14500\)
C. \(16000\)
D. \(18000\)
E. \(22000\)
A. \(13500\)
B. \(14500\)
C. \(16000\)
D. \(18000\)
E. \(22000\)
Here,
Let the total SP = x
as per ques;
12,000 * 0.2 + 0.15* (x - 12,000) = 3900
or 0.15x = 3300
or x = Selling Price = \(\frac{3300}{0.15}\) = 22,000
Re: Whenever Art Dealer sells a sculpture, he earns a 20 percent
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18 Aug 2023, 18:30
18 Aug 2023, 18:30
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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).
Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
