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A certain company reported that the revenue on sales increas

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Kudos [?]: 176 [0], given: 10

A certain company reported that the revenue on sales increas [#permalink]

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New post 02 Mar 2011, 03:25
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A
B
C
D
E

Difficulty:

  15% (low)

Question Stats:

80% (02:19) correct 20% (01:04) wrong based on 49 sessions

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A certain company reported that the revenue on sales increased 40 % from 2000 to 2003, and increased 80 % from 2000 to 2005. What was the approximate percent increase in revenue for this store from 2003 to 2005?

(A) 50 %
(B) 40 %
(C) 35 %
(D) 32 %
(E) 29 %
[Reveal] Spoiler: OA
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Kudos [?]: 70726 [0], given: 9856

Re: 228. A certain company reported that the revenue on sales in [#permalink]

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New post 02 Mar 2011, 03:37
Expert's post
banksy wrote:
228. A certain company reported that the revenue on sales increased 40 % from 2000 to 2003, and increased 80 % from 2000 to 2005. What was the approximate percent increase in revenue for this store from 2003 to 2005?
(A) 50 %
(B) 40 %
(C) 35 %
(D) 32 %
(E) 29 %


Assume the revenue in 2000 to be 100. Then in 2003 it would be 140 and and in 2005 180, so from 2003 to 2005 it increased by (180-140)/140=40/140=2/7=~29%.

Answer: E.
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Re: 228. A certain company reported that the revenue on sales in   [#permalink] 02 Mar 2011, 03:37
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