Company M is completely composed of two subsidiaries, X and Y. Each subsidiary has exactly 1,000 employees. What is the average salary of the employees at Company M ?

(1) The total salary of the employees in Subsidiary X is $50,000,000.

(2) 500 of the employees in Subsidiary Y have an average salary of $40,000, and the other 500 have an average salary of $55,000.

Correct answer marked below

Statement (1) ALONE is sufficient

Statement (2) ALONE is sufficient

BOTH statements TOGETHER are sufficient

Correct

EACH statement ALONE is sufficient

Statements (1) and (2) TOGETHER are NOT sufficient

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What this question tests

Your fluency with the order of operations, fractions, decimals, and basic number sense — the foundation every quant question leans on.

Applying the order of operations out of sequence or rounding intermediate values before the final step.