Bunuel wrote:
In Dives Corporation, 75% of the employees are customer service representatives, 15% are programmers, and 10% are managers. The customer service representatives have an average salary of $60,000, and the programmers have an average salary of $100,000. If the average salary of all employees is also $100,000, what is the average salary of the managers?
A. $140,000
B. $180,000
C. $260,000
D. $400,000
E. $560,000
Kudos for correct solution.
Here let us take,
Total employee = 100
so customer service representatives = 75
programmers =15
managers =10
Now,
The avg salary of all the employees = 100,000
75 customer service representatives have avg salary of 60,000.
Difference in salary = 100,000 - 60,000 = 40,000
Let additional salary of manager = x
60,000 ....... 100,000........x
Therefore we can have the equation as -
75 * 40,000 = 10 * x (10 is the number of manager)
or x= 300,000
Therefore avg salary of managers = 100,000 + 300,000 = 400,000
_________________
If you found this post useful, please let me know by pressing the Kudos ButtonRules for PostingGot 20 Kudos? You can get Free GRE Prep Club TestsGRE Prep Club Members of the Month:TOP 10 members of the month with highest kudos receive access to 3 months
GRE Prep Club tests