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If a salesman received a commission of 3% of the sales that he has booked in a month, what was the sales booked by the salesman in the month of November 2003?
(1) The sales booked by the salesman in the month of November 2003 minus salesman's commission was $245,000
(2) The selling price of the sales booked by the salesman in the month of November 2003 was 125 percent of the original purchase price of $225,000
(2) The selling price of the sales booked by the salesman in the month of November 2003 was 125 percent of the original purchase price of $225,000
- 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;
- 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 are needed.
Correct answer is option 'D'. Can you explain this answer?
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Verified Answer
If a salesman received a commission of 3% of the sales that he has boo...
Evaluate Statement 1 ALONE
Statement 1: The sales booked by the salesman in the month of November 2003 minus salesman's commission was $245,000
Statement 1: The sales booked by the salesman in the month of November 2003 minus salesman's commission was $245,000
From statement 1, we know the value of sales after the salesman's commission is subtracted.
From the question stem, we know his commission is 3% of the sales booked. Then value of sales after subtracting his commission is 100 − 3 = 97% of the sales booked.
Putting the two together, we can deduce that 97% of sales booked = $245,000. So we can find out the sales booked.
Statement 1 ALONE is SUFFICIENT.
Eliminate choices B, C, and E.
Answers narrow down to choices (A) or (D).
From the question stem, we know his commission is 3% of the sales booked. Then value of sales after subtracting his commission is 100 − 3 = 97% of the sales booked.
Putting the two together, we can deduce that 97% of sales booked = $245,000. So we can find out the sales booked.
Statement 1 ALONE is SUFFICIENT.
Eliminate choices B, C, and E.
Answers narrow down to choices (A) or (D).
Evaluate Statement 2 ALONE
Statement 2: The selling price of the sales booked by the salesman in the month of November 2003 was 125 percent of the original purchase price of $225,000.
Statement 2: The selling price of the sales booked by the salesman in the month of November 2003 was 125 percent of the original purchase price of $225,000.
From statement 2, we know that the original purchase of the products is $225,000.
We can compute the sales booked as 125% of 225,000 = 1.25 × 225,000.
Statement 2 ALONE is SUFFICIENT.
Each statement is INDEPENDENTLY sufficient.
We can compute the sales booked as 125% of 225,000 = 1.25 × 225,000.
Statement 2 ALONE is SUFFICIENT.
Each statement is INDEPENDENTLY sufficient.
Choice D is the correct answer.
Most Upvoted Answer
If a salesman received a commission of 3% of the sales that he has boo...
Evaluate Statement 1 ALONE
Statement 1: The sales booked by the salesman in the month of November 2003 minus salesman's commission was $245,000
Statement 1: The sales booked by the salesman in the month of November 2003 minus salesman's commission was $245,000
From statement 1, we know the value of sales after the salesman's commission is subtracted.
From the question stem, we know his commission is 3% of the sales booked. Then value of sales after subtracting his commission is 100 − 3 = 97% of the sales booked.
Putting the two together, we can deduce that 97% of sales booked = $245,000. So we can find out the sales booked.
Statement 1 ALONE is SUFFICIENT.
Eliminate choices B, C, and E.
Answers narrow down to choices (A) or (D).
From the question stem, we know his commission is 3% of the sales booked. Then value of sales after subtracting his commission is 100 − 3 = 97% of the sales booked.
Putting the two together, we can deduce that 97% of sales booked = $245,000. So we can find out the sales booked.
Statement 1 ALONE is SUFFICIENT.
Eliminate choices B, C, and E.
Answers narrow down to choices (A) or (D).
Evaluate Statement 2 ALONE
Statement 2: The selling price of the sales booked by the salesman in the month of November 2003 was 125 percent of the original purchase price of $225,000.
Statement 2: The selling price of the sales booked by the salesman in the month of November 2003 was 125 percent of the original purchase price of $225,000.
From statement 2, we know that the original purchase of the products is $225,000.
We can compute the sales booked as 125% of 225,000 = 1.25 × 225,000.
Statement 2 ALONE is SUFFICIENT.
Each statement is INDEPENDENTLY sufficient.
We can compute the sales booked as 125% of 225,000 = 1.25 × 225,000.
Statement 2 ALONE is SUFFICIENT.
Each statement is INDEPENDENTLY sufficient.
Choice D is the correct answer.
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Community Answer
If a salesman received a commission of 3% of the sales that he has boo...
Statement Analysis:
Statement 1:
- The sales booked by the salesman in November 2003 minus the salesman's commission was $245,000.
Statement 2:
- The selling price of the sales booked by the salesman in November 2003 was 125 percent of the original purchase price of $225,000.
Combined Analysis:
- Statement 1 gives us the total sales booked by the salesman after deducting his commission.
- We can calculate the sales amount before commission using the commission rate.
- Statement 2 provides the relationship between the selling price and the original purchase price.
Conclusion:
- Each statement alone is sufficient to determine the sales booked by the salesman in November 2003.
- By using Statement 1 to calculate the total sales and Statement 2 to understand the relationship between selling price and purchase price, we can arrive at the sales booked figure accurately.
- Therefore, the correct answer is option 'D'.
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If a salesman received a commission of 3% of the sales that he has booked in a month, what was the sales booked by the salesman in the month of November 2003?(1) The sales booked by the salesman in the month of November 2003 minus salesmans commission was $245,000(2) The selling price of the sales booked by the salesman in the month of November 2003 was 125 percent of the original purchase price of $225,000a)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;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 are needed.Correct answer is option 'D'. Can you explain this answer?
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If a salesman received a commission of 3% of the sales that he has booked in a month, what was the sales booked by the salesman in the month of November 2003?(1) The sales booked by the salesman in the month of November 2003 minus salesmans commission was $245,000(2) The selling price of the sales booked by the salesman in the month of November 2003 was 125 percent of the original purchase price of $225,000a)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;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 are needed.Correct answer is option 'D'. Can you explain this answer? for GMAT 2025 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about If a salesman received a commission of 3% of the sales that he has booked in a month, what was the sales booked by the salesman in the month of November 2003?(1) The sales booked by the salesman in the month of November 2003 minus salesmans commission was $245,000(2) The selling price of the sales booked by the salesman in the month of November 2003 was 125 percent of the original purchase price of $225,000a)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;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 are needed.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for GMAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If a salesman received a commission of 3% of the sales that he has booked in a month, what was the sales booked by the salesman in the month of November 2003?(1) The sales booked by the salesman in the month of November 2003 minus salesmans commission was $245,000(2) The selling price of the sales booked by the salesman in the month of November 2003 was 125 percent of the original purchase price of $225,000a)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;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 are needed.Correct answer is option 'D'. Can you explain this answer?.
If a salesman received a commission of 3% of the sales that he has booked in a month, what was the sales booked by the salesman in the month of November 2003?(1) The sales booked by the salesman in the month of November 2003 minus salesmans commission was $245,000(2) The selling price of the sales booked by the salesman in the month of November 2003 was 125 percent of the original purchase price of $225,000a)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;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 are needed.Correct answer is option 'D'. Can you explain this answer? for GMAT 2025 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about If a salesman received a commission of 3% of the sales that he has booked in a month, what was the sales booked by the salesman in the month of November 2003?(1) The sales booked by the salesman in the month of November 2003 minus salesmans commission was $245,000(2) The selling price of the sales booked by the salesman in the month of November 2003 was 125 percent of the original purchase price of $225,000a)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;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 are needed.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for GMAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If a salesman received a commission of 3% of the sales that he has booked in a month, what was the sales booked by the salesman in the month of November 2003?(1) The sales booked by the salesman in the month of November 2003 minus salesmans commission was $245,000(2) The selling price of the sales booked by the salesman in the month of November 2003 was 125 percent of the original purchase price of $225,000a)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;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 are needed.Correct answer is option 'D'. Can you explain this answer?.
Solutions for If a salesman received a commission of 3% of the sales that he has booked in a month, what was the sales booked by the salesman in the month of November 2003?(1) The sales booked by the salesman in the month of November 2003 minus salesmans commission was $245,000(2) The selling price of the sales booked by the salesman in the month of November 2003 was 125 percent of the original purchase price of $225,000a)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;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 are needed.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for GMAT.
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Here you can find the meaning of If a salesman received a commission of 3% of the sales that he has booked in a month, what was the sales booked by the salesman in the month of November 2003?(1) The sales booked by the salesman in the month of November 2003 minus salesmans commission was $245,000(2) The selling price of the sales booked by the salesman in the month of November 2003 was 125 percent of the original purchase price of $225,000a)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;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 are needed.Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
If a salesman received a commission of 3% of the sales that he has booked in a month, what was the sales booked by the salesman in the month of November 2003?(1) The sales booked by the salesman in the month of November 2003 minus salesmans commission was $245,000(2) The selling price of the sales booked by the salesman in the month of November 2003 was 125 percent of the original purchase price of $225,000a)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;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 are needed.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for If a salesman received a commission of 3% of the sales that he has booked in a month, what was the sales booked by the salesman in the month of November 2003?(1) The sales booked by the salesman in the month of November 2003 minus salesmans commission was $245,000(2) The selling price of the sales booked by the salesman in the month of November 2003 was 125 percent of the original purchase price of $225,000a)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;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 are needed.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of If a salesman received a commission of 3% of the sales that he has booked in a month, what was the sales booked by the salesman in the month of November 2003?(1) The sales booked by the salesman in the month of November 2003 minus salesmans commission was $245,000(2) The selling price of the sales booked by the salesman in the month of November 2003 was 125 percent of the original purchase price of $225,000a)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;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 are needed.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice If a salesman received a commission of 3% of the sales that he has booked in a month, what was the sales booked by the salesman in the month of November 2003?(1) The sales booked by the salesman in the month of November 2003 minus salesmans commission was $245,000(2) The selling price of the sales booked by the salesman in the month of November 2003 was 125 percent of the original purchase price of $225,000a)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;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 are needed.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice GMAT tests.
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