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Mrs. K is paid at a reduced rate for contracts completed late, and the contract prices may vary. Her compensation for the first two late contracts in any month is reduced by 10%, and her compensation for any subsequent late contracts in the same month is reduced by 15%. If Mrs. K completed three contracts late, in the same month, was her total compensation for those three contracts reduced by more than 11%?
(1) Without any reduction, she would have received $550 for the last of the three late contracts, and at least $1200 for each of the others.
(2) Without any reduction, she would have received $1500 for the first of the three late contracts.
(2) Without any reduction, she would have received $1500 for the first of the three late contracts.
- 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 'A'. Can you explain this answer?
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Most Upvoted Answer
Mrs. K is paid at a reduced rate for contracts completed late, and the...
To determine whether Mrs. K's total compensation for the three late contracts was reduced by more than 11%, let's analyze each statement separately:
Statement (1): Without any reduction, she would have received $550 for the last of the three late contracts, and at least $1200 for each of the others.
This statement provides information about the contract prices but does not provide any details about the number of contracts completed in a month or the compensation reduction rates. It does not give enough information to determine whether the total compensation was reduced by more than 11%.
Statement (2): Without any reduction, she would have received $1500 for the first of the three late contracts.
Similar to statement (1), this statement only provides information about the contract price for the first late contract. It does not provide information about the number of contracts completed in a month or the compensation reduction rates. Thus, it is also insufficient to determine whether the total compensation was reduced by more than 11%.
Since neither statement alone provides enough information to answer the question, the correct answer is (A) Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked.
To fully answer the question, we would need additional information about the number of contracts completed in a month, the reduction rates for subsequent contracts, and the prices for all three contracts.
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Mrs. K is paid at a reduced rate for contracts completed late, and the contract prices may vary. Her compensation for the first two late contracts in any month is reduced by 10%, and her compensation for any subsequent late contracts in the same month is reduced by 15%. If Mrs. K completed three contracts late, in the same month, was her total compensation for those three contracts reduced by more than 11%?(1) Without any reduction, she would have received $550 for the last of the three late contracts, and at least $1200 for each of the others.(2) Without any reduction, she would have received $1500 for the first of the three late contracts.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question askedb)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 sufficientd)EACH statement ALONE is sufficient to answer the question askede)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are neededCorrect answer is option 'A'. Can you explain this answer?
Question Description
Mrs. K is paid at a reduced rate for contracts completed late, and the contract prices may vary. Her compensation for the first two late contracts in any month is reduced by 10%, and her compensation for any subsequent late contracts in the same month is reduced by 15%. If Mrs. K completed three contracts late, in the same month, was her total compensation for those three contracts reduced by more than 11%?(1) Without any reduction, she would have received $550 for the last of the three late contracts, and at least $1200 for each of the others.(2) Without any reduction, she would have received $1500 for the first of the three late contracts.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question askedb)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 sufficientd)EACH statement ALONE is sufficient to answer the question askede)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are neededCorrect answer is option 'A'. 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 Mrs. K is paid at a reduced rate for contracts completed late, and the contract prices may vary. Her compensation for the first two late contracts in any month is reduced by 10%, and her compensation for any subsequent late contracts in the same month is reduced by 15%. If Mrs. K completed three contracts late, in the same month, was her total compensation for those three contracts reduced by more than 11%?(1) Without any reduction, she would have received $550 for the last of the three late contracts, and at least $1200 for each of the others.(2) Without any reduction, she would have received $1500 for the first of the three late contracts.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question askedb)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 sufficientd)EACH statement ALONE is sufficient to answer the question askede)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are neededCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mrs. K is paid at a reduced rate for contracts completed late, and the contract prices may vary. Her compensation for the first two late contracts in any month is reduced by 10%, and her compensation for any subsequent late contracts in the same month is reduced by 15%. If Mrs. K completed three contracts late, in the same month, was her total compensation for those three contracts reduced by more than 11%?(1) Without any reduction, she would have received $550 for the last of the three late contracts, and at least $1200 for each of the others.(2) Without any reduction, she would have received $1500 for the first of the three late contracts.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question askedb)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 sufficientd)EACH statement ALONE is sufficient to answer the question askede)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are neededCorrect answer is option 'A'. Can you explain this answer?.
Mrs. K is paid at a reduced rate for contracts completed late, and the contract prices may vary. Her compensation for the first two late contracts in any month is reduced by 10%, and her compensation for any subsequent late contracts in the same month is reduced by 15%. If Mrs. K completed three contracts late, in the same month, was her total compensation for those three contracts reduced by more than 11%?(1) Without any reduction, she would have received $550 for the last of the three late contracts, and at least $1200 for each of the others.(2) Without any reduction, she would have received $1500 for the first of the three late contracts.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question askedb)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 sufficientd)EACH statement ALONE is sufficient to answer the question askede)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are neededCorrect answer is option 'A'. 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 Mrs. K is paid at a reduced rate for contracts completed late, and the contract prices may vary. Her compensation for the first two late contracts in any month is reduced by 10%, and her compensation for any subsequent late contracts in the same month is reduced by 15%. If Mrs. K completed three contracts late, in the same month, was her total compensation for those three contracts reduced by more than 11%?(1) Without any reduction, she would have received $550 for the last of the three late contracts, and at least $1200 for each of the others.(2) Without any reduction, she would have received $1500 for the first of the three late contracts.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question askedb)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 sufficientd)EACH statement ALONE is sufficient to answer the question askede)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are neededCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mrs. K is paid at a reduced rate for contracts completed late, and the contract prices may vary. Her compensation for the first two late contracts in any month is reduced by 10%, and her compensation for any subsequent late contracts in the same month is reduced by 15%. If Mrs. K completed three contracts late, in the same month, was her total compensation for those three contracts reduced by more than 11%?(1) Without any reduction, she would have received $550 for the last of the three late contracts, and at least $1200 for each of the others.(2) Without any reduction, she would have received $1500 for the first of the three late contracts.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question askedb)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 sufficientd)EACH statement ALONE is sufficient to answer the question askede)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are neededCorrect answer is option 'A'. Can you explain this answer?.
Solutions for Mrs. K is paid at a reduced rate for contracts completed late, and the contract prices may vary. Her compensation for the first two late contracts in any month is reduced by 10%, and her compensation for any subsequent late contracts in the same month is reduced by 15%. If Mrs. K completed three contracts late, in the same month, was her total compensation for those three contracts reduced by more than 11%?(1) Without any reduction, she would have received $550 for the last of the three late contracts, and at least $1200 for each of the others.(2) Without any reduction, she would have received $1500 for the first of the three late contracts.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question askedb)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 sufficientd)EACH statement ALONE is sufficient to answer the question askede)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are neededCorrect answer is option 'A'. 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 Mrs. K is paid at a reduced rate for contracts completed late, and the contract prices may vary. Her compensation for the first two late contracts in any month is reduced by 10%, and her compensation for any subsequent late contracts in the same month is reduced by 15%. If Mrs. K completed three contracts late, in the same month, was her total compensation for those three contracts reduced by more than 11%?(1) Without any reduction, she would have received $550 for the last of the three late contracts, and at least $1200 for each of the others.(2) Without any reduction, she would have received $1500 for the first of the three late contracts.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question askedb)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 sufficientd)EACH statement ALONE is sufficient to answer the question askede)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are neededCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Mrs. K is paid at a reduced rate for contracts completed late, and the contract prices may vary. Her compensation for the first two late contracts in any month is reduced by 10%, and her compensation for any subsequent late contracts in the same month is reduced by 15%. If Mrs. K completed three contracts late, in the same month, was her total compensation for those three contracts reduced by more than 11%?(1) Without any reduction, she would have received $550 for the last of the three late contracts, and at least $1200 for each of the others.(2) Without any reduction, she would have received $1500 for the first of the three late contracts.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question askedb)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 sufficientd)EACH statement ALONE is sufficient to answer the question askede)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are neededCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Mrs. K is paid at a reduced rate for contracts completed late, and the contract prices may vary. Her compensation for the first two late contracts in any month is reduced by 10%, and her compensation for any subsequent late contracts in the same month is reduced by 15%. If Mrs. K completed three contracts late, in the same month, was her total compensation for those three contracts reduced by more than 11%?(1) Without any reduction, she would have received $550 for the last of the three late contracts, and at least $1200 for each of the others.(2) Without any reduction, she would have received $1500 for the first of the three late contracts.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question askedb)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 sufficientd)EACH statement ALONE is sufficient to answer the question askede)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are neededCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Mrs. K is paid at a reduced rate for contracts completed late, and the contract prices may vary. Her compensation for the first two late contracts in any month is reduced by 10%, and her compensation for any subsequent late contracts in the same month is reduced by 15%. If Mrs. K completed three contracts late, in the same month, was her total compensation for those three contracts reduced by more than 11%?(1) Without any reduction, she would have received $550 for the last of the three late contracts, and at least $1200 for each of the others.(2) Without any reduction, she would have received $1500 for the first of the three late contracts.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question askedb)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 sufficientd)EACH statement ALONE is sufficient to answer the question askede)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are neededCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Mrs. K is paid at a reduced rate for contracts completed late, and the contract prices may vary. Her compensation for the first two late contracts in any month is reduced by 10%, and her compensation for any subsequent late contracts in the same month is reduced by 15%. If Mrs. K completed three contracts late, in the same month, was her total compensation for those three contracts reduced by more than 11%?(1) Without any reduction, she would have received $550 for the last of the three late contracts, and at least $1200 for each of the others.(2) Without any reduction, she would have received $1500 for the first of the three late contracts.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question askedb)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 sufficientd)EACH statement ALONE is sufficient to answer the question askede)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are neededCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice GMAT tests.
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