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Company R's annual profit has increased by a constant amount [#permalink]
02 Jul 2004, 21:26

00:00

A

B

C

D

E

Difficulty:

(N/A)

Question Stats:

50% (01:40) correct
50% (01:35) wrong based on 4 sessions

15. Company R's annual profit has increased by a constant amount each calendar year since 1985. What was Company R's annual profit in 1991 ?
(1) In 1985 Company R's annual profit was $212,000; in 1989 Company R's annual profit was $242,000.
(2) Company R's annual profit has increased by $7,500 each year since 1985.

15. Company R's annual profit has increased by a constant amount each calendar year since 1985. What was Company R's annual profit in 1991 ? (1) In 1985 Company R's annual profit was $212,000; in 1989 Company R's annual profit was $242,000. (2) Company R's annual profit has increased by $7,500 each year since 1985.

I will go with D

(1) We can know what is the increased amount for for years, and as the profit inceases constantly. we can get the increase rate per year. sufficient

(2) obvisoully, states the increase amount per year.sufficient _________________

-Genius is one percent inspiration, and ninety-nine percent perspiration.

15. Company R's annual profit has increased by a constant amount each calendar year since 1985. What was Company R's annual profit in 1991 ? (1) In 1985 Company R's annual profit was $212,000; in 1989 Company R's annual profit was $242,000. (2) Company R's annual profit has increased by $7,500 each year since 1985.

I will go with D

(1) We can know what is the increased amount for for years, and as the profit inceases constantly. we can get the increase rate per year. sufficient

(2) obvisoully, states the increase amount per year.sufficient

Can you answer the underlined question with ONLY B? _________________

Please explain the logic behind the ans A? I would assume the question states constant profit - statement 2 states has increased by 7,500 since 1985...

Please explain the logic behind the ans A? I would assume the question states constant profit - statement 2 states has increased by 7,500 since 1985...

Statement 1: In 1985, profit was $212,000 and 1989 profit was 242,000. So each year profit was (242,000-212000)/4 = 7500. So it is sufficient to find the profit in 1991 by adding 15000 to 242,000. _________________

GGG (Gym / GMAT / Girl) -- Be Serious

Its your duty to post OA afterwards; some one must be waiting for that...

i understand A is the answer however B can be an answer as the if the amount increasing is constant and we are told its 7500 then isn't this sufficient making the answer D?

i understand A is the answer however B can be an answer as the if the amount increasing is constant and we are told its 7500 then isn't this sufficient making the answer D?

Answer this: By knowing only the profit amount, how are you going to calculate the annual profit? Get it?

i understand A is the answer however B can be an answer as the if the amount increasing is constant and we are told its 7500 then isn't this sufficient making the answer D?

Clear A.

You cant carry information from Statement 1. Stmt 2 just gives us the rate, but what is the initial base?

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