Math
If a company's sales increased by 10% from 2000 to 2001 and fell back to the 2000 level in 2002, what was the percent decrease in sales from 2001 to 2002 (approximately)?
A. 9.1%
B. 9.5%
C. 10.0%
D. 10.4%
E. 11.0%
Question Discussion & Explanation
Correct Answer - A - (click and drag your mouse to see the answer)
Verbal
On Monday, Daisy’s Lemonade Stand sold lemonade at 20 cents per cup. The Lemon Shack sold lemonade at 30 cents per cup. At the end of the day, Daisy’s Lemonade Stand and the Lemon Shack reported identical revenues and identical profits.
The statements above best support which of the following assertions?
A. On Monday, Daisy’s Lemonade Stand sold fewer cups of lemonade than did the Lemon Shack.
B. The Lemon Shack sells higher quality lemonade than does Daisy’s Lemonade Stand.
C. On Monday, Daisy’s Lemonade Stand and the Lemon Shack incurred identical costs to run their businesses.
D. In general, lemonade consumers prefer the lemonade at Daisy’s Lemonade Stand to the Lemonade at the Lemon Shack.
E. The Lemon Shack would not increase its revenues by lowering its prices.
Question Discussion & Explanation
Correct Answer - C - (click and drag your mouse to see the answer)
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