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• ### $450 Tuition Credit & Official CAT Packs FREE November 15, 2018 November 15, 2018 10:00 PM MST 11:00 PM MST EMPOWERgmat is giving away the complete Official GMAT Exam Pack collection worth$100 with the 3 Month Pack ($299) # A certain company’s profit in 1996 was 15 percent greater  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics Author Message TAGS: ### Hide Tags Intern Status: Dedicated to crack GMAT and to find an admission in top B schoolm Joined: 13 Jan 2011 Posts: 20 Schools: IESE, LBS, ISB A certain company’s profit in 1996 was 15 percent greater [#permalink] ### Show Tags 04 Dec 2011, 23:56 00:00 Difficulty: 5% (low) Question Stats: 84% (01:14) correct 16% (02:12) wrong based on 91 sessions ### HideShow timer Statistics 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% Intern Joined: 13 Nov 2011 Posts: 2 Re: Profits [#permalink] ### Show Tags 05 Dec 2011, 00:18 Answer is E Profit in 1995 - 100 Profit in 1996 - 115 %increae Profit in 1997 in comparison to 1995 = 15 + 115*20%= 38 Posted from my mobile device Manager Joined: 13 May 2011 Posts: 241 WE 1: IT 1 Yr WE 2: Supply Chain 5 Yrs Re: Profits [#permalink] ### Show Tags 05 Dec 2011, 01:38 1995=100 1996=115 1997=138 increase = 138/100=38%=E Doubt its 700-level question though. Manager Joined: 08 Sep 2011 Posts: 59 Concentration: Finance, Strategy Re: Profits [#permalink] ### Show Tags 07 Dec 2011, 08:17 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 CEO Joined: 11 Sep 2015 Posts: 3111 Location: Canada Re: A certain company’s profit in 1996 was 15 percent greater [#permalink] ### Show Tags 24 Dec 2017, 08:07 Top Contributor gjayachandra wrote: 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% Let$100 = the profits in 1995

The company’s profit in 1996 was 15 percent greater than its profit in 1995
If the 1995 profits were $100, then the 1996 profits are$115

The company’s profit in 1997 was 20 percent greater than its profit in 1996
If the 1996 profits were $115, then the 1997 profits =$115 + (20% of $115) =$115 + $23 =$138

The company’s profit in 1997 was what percent greater than its profit in 1995?
1995 profits = $100 1997 profits =$138

$138 is 38% greater than$100

Cheers,
Brent
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Brent Hanneson – GMATPrepNow.com

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A certain company’s profit in 1996 was 15 percent greater  [#permalink]

### Show Tags

24 Dec 2017, 17:24
gjayachandra wrote:
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%

You can use successive percent increase formula here where
$$A = 15$$
$$B = 20$$

($$A + B + \frac{AB}{100}$$)%
(The percent sign and parentheses are the strict version. On this forum it is rarely written with the percent sign or parentheses.)

$$15 + 20 + \frac{300}{100}$$

$$(15 + 20 + 3) = 38$$

$$38$$%

A certain company’s profit in 1996 was 15 percent greater &nbs [#permalink] 24 Dec 2017, 17:24
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