GMAT Practice Question Set #22 (Question 64-66)

Problem Solving Question #65: Sales of Diamond Rings  
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A departmental store charges the commission of 15 percent on the first sale of items worth $50,000
and then an additional 10 percent on any sale price that exceeds the initial $50,000. If the
department store earned $24,000 in commissions for the sale of a series of diamonds, what was the
sale price of the diamond set?

(A)

$215,000

(B)

$365,000

(C)

$115,000

(D)

$240,000

(E)

$160,000

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