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Each year Mark works 40 hours

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candace_washington1980
 Post subject: Each year Mark works 40 hours
 Post Posted: Thu Aug 06, 2009 5:35 am 
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Gmat test prep question

Each year Mark works 40 hours per week for 50 weeks. Last year Mark was paid a total of $20000. If this year his hourly pay rate is raised by $0.50, what is the total amount that Mark will be paid this year?

A. $30000
B. $25000
C. $22500
D. $21500
E. $20020
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furtadovinod
 Post subject: Re: Each year Mark works 40 hours
 Post Posted: Thu Aug 06, 2009 11:33 am 
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candace_washington1980 wrote:
Gmat test prep question

Each year Mark works 40 hours per week for 50 weeks. Last year Mark was paid a total of $20000. If this year his hourly pay rate is raised by $0.50, what is the total amount that Mark will be paid this year?

A. $30000
B. $25000
C. $22500
D. $21500
E. $20020


Are you sure the answer choices are correct? Here is how I solved it.

Total hours worked for 50 weeks = 50*40 = 2000 hours.
Hourly rate = 20000/2000 = $10/hr
New hourly rate = $10.50

Therefore, total amount that Mark will be paid this yr = 10.50 * 2000 = $21000.

I don't see that answer in the options. Hmmmm.
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jigar24
 Post subject: Re: Each year Mark works 40 hours
 Post Posted: Thu Aug 06, 2009 11:57 am 
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yeah I agree with the furtadovinod's solution.. the ans should be 21,000..

candace_washington1980, please confirm the question
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candace_washington1980
 Post subject: Re: Each year Mark works 40 hours
 Post Posted: Thu Aug 06, 2009 12:13 pm 
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Sorry I looked at the question again and I do have a typo.

D. is suppose to be 21000
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candace_washington1980
 Post subject: Re: Each year Mark works 40 hours
 Post Posted: Thu Aug 06, 2009 12:16 pm 
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Thank you so much:)
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