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COMPENSATION STRUCTURE: What was the total commission paid to the sales team in Q2? (1) Team of 24 salespeople averaged $156K in sales each, with 7% commission rate on all sales (2) Total Q2 sales were $3.744M and commission structure is 7% of sales

GMAT · 2021 · Data Insights
Question:
COMPENSATION STRUCTURE: What was the total commission paid to the sales team in Q2? (1) Team of 24 salespeople averaged $156K in sales each, with 7% commission rate on all sales (2) Total Q2 sales were $3.744M and commission structure is 7% of sales

Options

(A) Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient
(B) Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient
(C) BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient
(D) EACH statement ALONE is sufficient
(E) Statements (1) and (2) TOGETHER are NOT sufficient
Answer: (D) EACH statement ALONE is sufficient

Explanation:
Statement (1): Total sales = 24 × $156K = $3.744M. Commission = $3.744M × 0.07 = $262K. Sufficient. Statement (2): Commission = $3.744M × 0.07 = $262K. Sufficient.

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