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Status: Dedicated to crack GMAT and to find an admission in top B schoolm
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Profits [#permalink] New post 05 Dec 2011, 00:56
00:00

Question Stats:

87% (01:54) correct 12% (01:04) wrong based on 1 sessions
A certain company’s profit in 1996 was 15 percent greater than its profit in 1995, and its
profit in 1997 was 20 percent greater than its profit in 1996. The company’s profit in
1997 was what percent greater than its profit in 1995?
A. 5%
B. 18%
C. 33%
D. 35%
E. 38%
[Reveal] Spoiler: OA
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Re: Profits [#permalink] New post 05 Dec 2011, 01:18
Answer is E
Profit in 1995 - 100
Profit in 1996 - 115
%increae Profit in 1997 in comparison to 1995 = 15 + 115*20%= 38

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Senior Manager
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WE 2: Supply Chain 5 Yrs
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Re: Profits [#permalink] New post 05 Dec 2011, 02:38
1995=100
1996=115
1997=138
increase = 138/100=38%=E
Doubt its 700-level question though.
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Re: Profits [#permalink] New post 07 Dec 2011, 09:17
E. I agree with BDSundevil, this does not seem to be a 700 level question, might not even be a - 700. Eitherway it is still a good question to for practice
Re: Profits   [#permalink] 07 Dec 2011, 09:17
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