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# A company’s profit in March was \$15,600. If the cost of operating the

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Math Expert
Joined: 02 Sep 2009
Posts: 53063
A company’s profit in March was \$15,600. If the cost of operating the  [#permalink]

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05 Dec 2018, 23:54
00:00

Difficulty:

25% (medium)

Question Stats:

74% (01:30) correct 26% (01:20) wrong based on 61 sessions

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A company’s profit in March was \$15,600. If the cost of operating the business in March was one third of the revenue gained, how much revenue, in dollars, did the company collect that month?

A. 5,200
B. 10,400
C. 15,600
D. 23,400
E. 46,800

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Joined: 18 Aug 2017
Posts: 1894
Location: India
Concentration: Sustainability, Marketing
GPA: 4
WE: Marketing (Energy and Utilities)
Re: A company’s profit in March was \$15,600. If the cost of operating the  [#permalink]

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06 Dec 2018, 03:49
Bunuel wrote:
A company’s profit in March was \$15,600. If the cost of operating the business in March was one third of the revenue gained, how much revenue, in dollars, did the company collect that month?

A. 5,200
B. 10,400
C. 15,600
D. 23,400
E. 46,800

Profit= SP- OP
OP=1/3 or revenue gained
revenue= price of good * no of good , in short = SP
Let SP=x
15600=x-x/3
solve for x, SP total revenue = \$23400
and OP= 23400/3= \$7800
revenue \$ 23400, IMO D
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Joined: 28 Jul 2018
Posts: 2
Schools: ESSEC '21
GMAT 1: 490 Q38 V19
Re: A company’s profit in March was \$15,600. If the cost of operating the  [#permalink]

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24 Jan 2019, 03:48
Revenue= Cost + Profit (R=C+P)
R=C+15600
Cost = 1/3 (R)

R= 1/3(R) + 15600
R-1/3(R)= 15600
2/3(R)= 15600
R= 23400

This is the thought process that I used to solve this problem.
Re: A company’s profit in March was \$15,600. If the cost of operating the   [#permalink] 24 Jan 2019, 03:48
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