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Whenever Art Dealer sells a sculpture, he earns a 20 percent

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huda
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Whenever Art Dealer sells a sculpture, he earns a 20 percent [#permalink] New post   26 Oct 2019, 08:30
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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
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E
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Re: Whenever Art Dealer sells a sculpture, he earns a 20 percent [#permalink] New post   27 Oct 2019, 06:09
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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


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 = 33000.15 = 22,000
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Re: Whenever Art Dealer sells a sculpture, he earns a 20 percent [#permalink] New post   18 Aug 2023, 18:30
Hello from the GRE Prep Club BumpBot!

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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Re: Whenever Art Dealer sells a sculpture, he earns a 20 percent [#permalink]
18 Aug 2023, 18:30
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