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A certain company had an annual profit of $15 million in 1998 and an a
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15 Oct 2019, 08:12
15 Oct 2019, 08:12
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A certain company had an annual profit of $15 million in 1998 and an annual profit of $20 million in 1999. In 2000 the company had an annual loss of $5 million. What was the company's average (arithmetic mean) annual profit for the 3 years?
(A) $5 million
(B) $10 million
(C) $13 million
(D) $20 million
(E) $25 million
(A) $5 million
(B) $10 million
(C) $13 million
(D) $20 million
(E) $25 million
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Re: A certain company had an annual profit of $15 million in 1998 and an a
[#permalink]
15 Oct 2019, 09:03
15 Oct 2019, 09:03
Bunuel wrote:
A certain company had an annual profit of $15 million in 1998 and an annual profit of $20 million in 1999. In 2000 the company had an annual loss of $5 million. What was the company's average (arithmetic mean) annual profit for the 3 years?
(A) $5 million
(B) $10 million
(C) $13 million
(D) $20 million
(E) $25 million
(A) $5 million
(B) $10 million
(C) $13 million
(D) $20 million
(E) $25 million
avg = 15+20-5 = 30/3
IMO B ; 10 million $
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Re: A certain company had an annual profit of $15 million in 1998 and an a
[#permalink]
15 Oct 2019, 10:07
15 Oct 2019, 10:07
Bunuel wrote:
A certain company had an annual profit of $15 million in 1998 and an annual profit of $20 million in 1999. In 2000 the company had an annual loss of $5 million. What was the company's average (arithmetic mean) annual profit for the 3 years?
(A) $5 million
(B) $10 million
(C) $13 million
(D) $20 million
(E) $25 million
(A) $5 million
(B) $10 million
(C) $13 million
(D) $20 million
(E) $25 million
\(\frac{15+20-5}{3}\)
= \(\frac{10+20}{3}\)
= \(\frac{30}{3}\)
= \(10\), Answer must be (B)
