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A certain company reported that the revenue on sales increas

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Manager
Joined: 10 Feb 2011
Posts: 113

Kudos [?]: 363 [0], given: 10

A certain company reported that the revenue on sales increas [#permalink]

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02 Mar 2011, 03:25
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Difficulty:

25% (medium)

Question Stats:

77% (01:29) correct 23% (01:00) wrong based on 71 sessions

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A certain company reported that the revenue on sales increased 40 % from 2000 to 2003, and increased 80 % from 2000 to 2005. What was the approximate percent increase in revenue for this store from 2003 to 2005?

(A) 50 %
(B) 40 %
(C) 35 %
(D) 32 %
(E) 29 %
[Reveal] Spoiler: OA

Kudos [?]: 363 [0], given: 10

Math Expert
Joined: 02 Sep 2009
Posts: 41873

Kudos [?]: 128481 [0], given: 12179

Re: 228. A certain company reported that the revenue on sales in [#permalink]

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02 Mar 2011, 03:37
banksy wrote:
228. A certain company reported that the revenue on sales increased 40 % from 2000 to 2003, and increased 80 % from 2000 to 2005. What was the approximate percent increase in revenue for this store from 2003 to 2005?
(A) 50 %
(B) 40 %
(C) 35 %
(D) 32 %
(E) 29 %

Assume the revenue in 2000 to be 100. Then in 2003 it would be 140 and and in 2005 180, so from 2003 to 2005 it increased by (180-140)/140=40/140=2/7=~29%.

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Kudos [?]: 128481 [0], given: 12179

Director
Joined: 04 Dec 2015
Posts: 696

Kudos [?]: 296 [0], given: 261

Location: India
Concentration: Technology, Strategy
Schools: ISB '19, IIMA , IIMB, XLRI
WE: Information Technology (Consulting)
Re: A certain company reported that the revenue on sales increas [#permalink]

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17 May 2017, 05:34
A certain company reported that the revenue on sales increased 40 % from 2000 to 2003, and increased 80 % from 2000 to 2005. What was the approximate percent increase in revenue for this store from 2003 to 2005?

(A) 50 %
(B) 40 %
(C) 35 %
(D) 32 %
(E) 29 %

Let Revenue for year 2000 be = 100
Revenue increased 40% from 2000 to 2003 = 140% of 100 = $$\frac{140}{100}$$ x 100 = 140
Revenue increased 80% from 2000 to 2005 = 180% of 100 = $$\frac{180}{100 x 100}$$ = 180
Change in revenue from 2003 to 2005 = 180-140 = 40
Percentage increase = Change in revenue / Initial value x 100 = $$\frac{40}{140}$$ x 100 = 28.571... (approximately) = 29%

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Kudos [?]: 296 [0], given: 261

Target Test Prep Representative
Status: Founder & CEO
Affiliations: Target Test Prep
Joined: 14 Oct 2015
Posts: 1619

Kudos [?]: 833 [0], given: 2

Location: United States (CA)
Re: A certain company reported that the revenue on sales increas [#permalink]

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19 May 2017, 06:26
banksy wrote:
A certain company reported that the revenue on sales increased 40 % from 2000 to 2003, and increased 80 % from 2000 to 2005. What was the approximate percent increase in revenue for this store from 2003 to 2005?

(A) 50 %
(B) 40 %
(C) 35 %
(D) 32 %
(E) 29 %

We can let the sales in 2000 = x. Thus, sales in 2003 are 1.4x and sales in 2005 are 1.8x. Let’s now calculate the percentage increase from 2003 to 2005:

(1.8x - 1.4x)/1.4x = 0.4/1.4 = 4/14 = 0.285 x 100% ≈ 29%

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Kudos [?]: 833 [0], given: 2

Re: A certain company reported that the revenue on sales increas   [#permalink] 19 May 2017, 06:26
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