USA Today Reported That the Total Compensation, Salary, Bonus, Housing

Multiple Choice

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