Find all School-related info fast with the new School-Specific MBA Forum

It is currently 28 Jul 2015, 00:33
GMAT Club Tests

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

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

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
SVP
SVP
User avatar
Joined: 05 Jul 2006
Posts: 1516
Followers: 5

Kudos [?]: 132 [0], given: 39

GMAT ToolKit User
Re: In 1999, Company X's gross profit was what percent of its [#permalink] New post 09 Aug 2009, 03:26
2
This post was
BOOKMARKED
ankur55 wrote:
I got this question in gmatprep test today

In 1999 Company X's gross profit was what percent of its revenue?

A) In 1999 Comapny X's gross profit was 1/3 of its expenses.
B) In 1999 Company X's expenses were 3/4 of its revenue.


profit = rev - exp, what is p/r
from 1
p =1/3e ,
rev = 1/3+1 e = 4/3 e, thus p/r = (1/3e)/(4/3e)...suff

from 2

suff
i d say D
Kaplan Promo CodeKnewton GMAT Discount CodesGMAT Pill GMAT Discount Codes
Intern
Intern
User avatar
Joined: 29 Jun 2011
Posts: 38
Location: Yugoslavia
Concentration: International Business, Entrepreneurship
GMAT 1: 700 Q48 V38
GPA: 3.72
Followers: 0

Kudos [?]: 5 [0], given: 3

GMAT ToolKit User
Re: In 1999, Company X's gross profit was what percent of its [#permalink] New post 19 Sep 2011, 07:54
In 1999 Company X's gross profit was 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.




Requests: If anyone has the time or will, please elaborate on how to set these equations up and whether plugging in numbers will work well on a problem like this. I originally picked B, but was not sure whether C was the correct answer. Turns up the correct answer is
[Reveal] Spoiler:
D
.

Thanks
Manager
Manager
avatar
Joined: 12 Jul 2011
Posts: 152
Concentration: Operations, Strategy
GMAT 1: 680 Q46 V37
WE: Engineering (Telecommunications)
Followers: 0

Kudos [?]: 23 [0], given: 42

Re: In 1999, Company X's gross profit was what percent of its [#permalink] New post 20 Sep 2011, 05:09
milanproda wrote:
In 1999 Company X's gross profit was 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.




Requests: If anyone has the time or will, please elaborate on how to set these equations up and whether plugging in numbers will work well on a problem like this. I originally picked B, but was not sure whether C was the correct answer. Turns up the correct answer is
[Reveal] Spoiler:
D
.

Thanks



To solve this problem we can consider below equation:
revenue - expenditure = profit,
we need to find out what percent of revenue was profit.

Option 1 : we know profit was 1/3 rd of expense so this information is sufficient to find out the ratio of revenue to profit

Option 2: Similar to option 1 we can find out.

So the answer is D.
GMAT Club Legend
GMAT Club Legend
User avatar
Joined: 09 Sep 2013
Posts: 5662
Followers: 319

Kudos [?]: 61 [0], given: 0

Premium Member
Re: In 1999, Company X's gross profit was what percent of its [#permalink] New post 03 Jan 2015, 09:40
Hello from the GMAT Club BumpBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
_________________

GMAT Books | GMAT Club Tests | Best Prices on GMAT Courses | GMAT Mobile App | Math Resources | Verbal Resources

Re: In 1999, Company X's gross profit was what percent of its   [#permalink] 03 Jan 2015, 09:40

Go to page   Previous    1   2   [ 24 posts ] 

    Similar topics Author Replies Last post
Similar
Topics:
1 Experts publish their posts in the topic What is the increasing percent of the price of the company's stocks h31337u 3 09 Nov 2014, 06:33
12 Experts publish their posts in the topic Which of Company X and Company Y earned the greater gross maybeam 7 23 Jul 2012, 05:09
What percent of the employees of Company X are technicians? tracyyahoo 3 31 Jul 2011, 03:19
6 Experts publish their posts in the topic Company Z only sells chairs and tables. what percent of its satishreddy 4 29 Oct 2010, 03:23
Company z sells only chairs and tables. What percent of Jinglander 5 16 Jul 2010, 15:55
Display posts from previous: Sort by

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

  Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.