GMAT Problem Solving
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Source: PREP
Level: 2
An auction house charges a commission of 15 percent on the first $50,000 of the sale price of an item, plus 10 percent on the amount of the sale price in excess of $50,000. What was the sale price of a painting for which the auction house charged a total commission of $24,000 ?
- A 115000
- B 160000
- C 215000
- D 240000
- E 365000