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Steven and Stuart took a job in different companies at the same time. Steven’s salary increased by a fixed amount at the end of every year and Stuart’s salary increased by a fixed percentage at the end of every year. If the increase in the salary of Steven at the end of the third year was equal to the increase in the salary of Stuart at the end of the second year, what was the difference in the salaries of Steven and Stuart when they took the job?
(1) Steven’s salary after 2 years was 20% more than the salary at which he took the job
(2) The increase in the salary of Stuart at the end of the second year was 11% of the salary at which he took the job.
  • a)
    Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked.
  • b)
    Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question asked
  • c)
    BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked, but NEITHER statement ALONE is sufficient to answer the question asked.
  • d)
    EACH statement ALONE is sufficient to answer the question asked.
  • e)
    Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data specific to the problem are needed.
Correct answer is option 'E'. Can you explain this answer?
Verified Answer
Steven and Stuart took a job in different companies at the same time. ...
Steps 1 & 2: Understand Question and Draw Inferences
  • Let Steven’s initial salary be S1
 and Stuart’s initial salary be S1
  •  
  • Let Steven’s salary increase by x every year and Steven’s salary increase by y% every year.
  • Steven’s salary increase in the 3rd year = x
  • Stuart’s salary increase at the end of the 2nd year  = y% of (Stuart’s salary in the 2nd year)
  • Steven’s salary increase in the 3rd year = Stuart’s salary increase in the 2nd year
To Find: S1−S2
Step 3: Analyze Statement 1 independently
(1) Steven’s salary after 2 years was 20% more than the salary at which he took the job
  • Steven’s salary after 2 years =S1+2x
However, we do not know anything about the values of S2, x and y.
Insufficient to answer.
 
Step 4: Analyze Statement 2 independently
(2) The increase in the salary of Stuart at the end of the second year was 11% of the salary at which he took the job.
  • Increase in Stuart’s salary at the end of the 2nd year = 
Insufficient to answer as it does give us the value of  S1,S2orx
Step 5: Analyze Both Statements Together (if needed)
Need to know the value of x to answer the question.
Insufficient to answer.
Answer: E
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Steven and Stuart took a job in different companies at the same time. Steven’s salary increased by a fixed amount at the end of every year and Stuart’s salary increased by a fixed percentage at the end of every year. If the increase in the salary of Steven at the end of the third year was equal to the increase in the salary of Stuart at the end of the second year, what was the difference in the salaries of Steven and Stuart when they took the job?(1) Steven’s salary after 2 years was 20% more than the salary at which he took the job(2) The increase in the salary of Stuart at the end of the second year was 11% of the salary at which he took the job.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked.b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question askedc)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked, but NEITHER statement ALONE is sufficient to answer the question asked.d)EACH statement ALONE is sufficient to answer the question asked.e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data specific to the problem are needed.Correct answer is option 'E'. Can you explain this answer?
Question Description
Steven and Stuart took a job in different companies at the same time. Steven’s salary increased by a fixed amount at the end of every year and Stuart’s salary increased by a fixed percentage at the end of every year. If the increase in the salary of Steven at the end of the third year was equal to the increase in the salary of Stuart at the end of the second year, what was the difference in the salaries of Steven and Stuart when they took the job?(1) Steven’s salary after 2 years was 20% more than the salary at which he took the job(2) The increase in the salary of Stuart at the end of the second year was 11% of the salary at which he took the job.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked.b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question askedc)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked, but NEITHER statement ALONE is sufficient to answer the question asked.d)EACH statement ALONE is sufficient to answer the question asked.e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data specific to the problem are needed.Correct answer is option 'E'. Can you explain this answer? for GMAT 2024 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about Steven and Stuart took a job in different companies at the same time. Steven’s salary increased by a fixed amount at the end of every year and Stuart’s salary increased by a fixed percentage at the end of every year. If the increase in the salary of Steven at the end of the third year was equal to the increase in the salary of Stuart at the end of the second year, what was the difference in the salaries of Steven and Stuart when they took the job?(1) Steven’s salary after 2 years was 20% more than the salary at which he took the job(2) The increase in the salary of Stuart at the end of the second year was 11% of the salary at which he took the job.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked.b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question askedc)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked, but NEITHER statement ALONE is sufficient to answer the question asked.d)EACH statement ALONE is sufficient to answer the question asked.e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data specific to the problem are needed.Correct answer is option 'E'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Steven and Stuart took a job in different companies at the same time. Steven’s salary increased by a fixed amount at the end of every year and Stuart’s salary increased by a fixed percentage at the end of every year. If the increase in the salary of Steven at the end of the third year was equal to the increase in the salary of Stuart at the end of the second year, what was the difference in the salaries of Steven and Stuart when they took the job?(1) Steven’s salary after 2 years was 20% more than the salary at which he took the job(2) The increase in the salary of Stuart at the end of the second year was 11% of the salary at which he took the job.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked.b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question askedc)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked, but NEITHER statement ALONE is sufficient to answer the question asked.d)EACH statement ALONE is sufficient to answer the question asked.e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data specific to the problem are needed.Correct answer is option 'E'. Can you explain this answer?.
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If the increase in the salary of Steven at the end of the third year was equal to the increase in the salary of Stuart at the end of the second year, what was the difference in the salaries of Steven and Stuart when they took the job?(1) Steven’s salary after 2 years was 20% more than the salary at which he took the job(2) The increase in the salary of Stuart at the end of the second year was 11% of the salary at which he took the job.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked.b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question askedc)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked, but NEITHER statement ALONE is sufficient to answer the question asked.d)EACH statement ALONE is sufficient to answer the question asked.e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data specific to the problem are needed.Correct answer is option 'E'. 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If the increase in the salary of Steven at the end of the third year was equal to the increase in the salary of Stuart at the end of the second year, what was the difference in the salaries of Steven and Stuart when they took the job?(1) Steven’s salary after 2 years was 20% more than the salary at which he took the job(2) The increase in the salary of Stuart at the end of the second year was 11% of the salary at which he took the job.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked.b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question askedc)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked, but NEITHER statement ALONE is sufficient to answer the question asked.d)EACH statement ALONE is sufficient to answer the question asked.e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data specific to the problem are needed.Correct answer is option 'E'. 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If the increase in the salary of Steven at the end of the third year was equal to the increase in the salary of Stuart at the end of the second year, what was the difference in the salaries of Steven and Stuart when they took the job?(1) Steven’s salary after 2 years was 20% more than the salary at which he took the job(2) The increase in the salary of Stuart at the end of the second year was 11% of the salary at which he took the job.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked.b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question askedc)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked, but NEITHER statement ALONE is sufficient to answer the question asked.d)EACH statement ALONE is sufficient to answer the question asked.e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data specific to the problem are needed.Correct answer is option 'E'. 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If the increase in the salary of Steven at the end of the third year was equal to the increase in the salary of Stuart at the end of the second year, what was the difference in the salaries of Steven and Stuart when they took the job?(1) Steven’s salary after 2 years was 20% more than the salary at which he took the job(2) The increase in the salary of Stuart at the end of the second year was 11% of the salary at which he took the job.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked.b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question askedc)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked, but NEITHER statement ALONE is sufficient to answer the question asked.d)EACH statement ALONE is sufficient to answer the question asked.e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data specific to the problem are needed.Correct answer is option 'E'. 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If the increase in the salary of Steven at the end of the third year was equal to the increase in the salary of Stuart at the end of the second year, what was the difference in the salaries of Steven and Stuart when they took the job?(1) Steven’s salary after 2 years was 20% more than the salary at which he took the job(2) The increase in the salary of Stuart at the end of the second year was 11% of the salary at which he took the job.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked.b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question askedc)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked, but NEITHER statement ALONE is sufficient to answer the question asked.d)EACH statement ALONE is sufficient to answer the question asked.e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data specific to the problem are needed.Correct answer is option 'E'. 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