USA Today reported that the total compensation, salary, bonus, housing allowance, and so forth for the 1993 graduates of Stanford's business school was $129,500, an increase of 10% over the previous year. What was the total compensation package for Stanford's business school graduates in 1992? Round your answer to the nearest dollar.
A) $117,727
B) $116,550
C) $143,889
D) $142,450
E) $128,500
Correct Answer:
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