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# Profits

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Intern
Status: Dedicated to crack GMAT and to find an admission in top B schoolm
Joined: 13 Jan 2011
Posts: 29
Schools: IESE, LBS, ISB
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Kudos [?]: 21 [0], given: 3

Profits [#permalink]  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
Intern
Joined: 14 Nov 2011
Posts: 3
Followers: 0

Kudos [?]: 0 [0], given: 1

Re: Profits [#permalink]  05 Dec 2011, 01:18
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
Joined: 13 May 2011
Posts: 326
WE 1: IT 1 Yr
WE 2: Supply Chain 5 Yrs
Followers: 16

Kudos [?]: 112 [0], given: 10

Re: Profits [#permalink]  05 Dec 2011, 02:38
1995=100
1996=115
1997=138
increase = 138/100=38%=E
Doubt its 700-level question though.
Manager
Joined: 08 Sep 2011
Posts: 82
Concentration: Finance, Strategy
Followers: 3

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

Re: Profits [#permalink]  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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# Profits

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