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In 1999 Company X's gross profit is what percent of its

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Manager
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In 1999 Company X's gross profit is what percent of its [#permalink] New post 15 Oct 2008, 17:28
In 1999 Company X's gross profit is what percent of its revenue?

(1) In 1999 Company X's gross profit was 1/3 of its expenses
(2) In 1999 Company X's expenses were 3/4 of its revenue


OA is D IMO B
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Re: OA ?? [#permalink] New post 15 Oct 2008, 18:03
arorag wrote:
In 1999 Company X's gross profit is what percent of its revenue?

(1) In 1999 Company X's gross profit was 1/3 of its expenses
(2) In 1999 Company X's expenses were 3/4 of its revenue


OA is D IMO B


P = R-E

a. P = E/3 -> E = 3P -> P = 1/4R (25%) - Sufficient
b. E = 3/4R - > P = 1/4R (25%) - Sufficient

Answer is D
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Re: OA ?? [#permalink] New post 15 Oct 2008, 19:20
Thanks for explanation
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Re: OA ?? [#permalink] New post 15 Oct 2008, 20:57
What is the source? Initially, I picked C, but after seeing OA, I learnt that logical meaning of gross profit and expense needs to be applied.
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Re: OA ?? [#permalink] New post 15 Oct 2008, 21:00
scthakur wrote:
What is the source? Initially, I picked C, but after seeing OA, I learnt that logical meaning of gross profit and expense needs to be applied.



i wondered the same thing...I dont think you have to know that pofit = revenue - expenses for the gmat..good problem though
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Re: OA ?? [#permalink] New post 16 Oct 2008, 18:57
scthakur wrote:
What is the source? Initially, I picked C, but after seeing OA, I learnt that logical meaning of gross profit and expense needs to be applied.


This one is from GMATPrep :)
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Re: OA ??   [#permalink] 16 Oct 2008, 18:57
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