Last year, Company X paid out a total of $1,050,000 in salaries to its 21 employees. If no employee earned a salary that is more than 25% greater than any other employee, what is the lowest possible salary that any one employee earned? Choose the correct choice from the following answers.
A) $40,384.61	B) $41,667	C) $42,000	D) $50,000	E) $60,000
Employee 1 earned $x(say)   Employee 2 will not earn more than $1.25x   Therfore, to minimize the salary of any one employee, we need to maximize the salaries of the other 20 employees   (1.25x*20)+x=1,050,000   Solving for x=$40,384.61   $40,384.61nswer $40,384.61
<result>A</result>
Last year, Company X paid out a total of $1,050,000 in salaries to its 21 employees. If no employee earned a salary that is more than 25% greater than any other employee, what is the lowest possible salary that any one employee earned?