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Carlos & Co. generated revenue of $1,250 in 2006. This was 12.5% of it

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Carlos & Co. generated revenue of $1,250 in 2006. This was 12.5% of it  [#permalink]

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New post 10 Apr 2019, 23:28
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A
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C
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E

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  25% (medium)

Question Stats:

84% (01:55) correct 16% (01:44) wrong based on 25 sessions

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Re: Carlos & Co. generated revenue of $1,250 in 2006. This was 12.5% of it  [#permalink]

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New post 11 Apr 2019, 01:27
Bunuel wrote:
Carlos & Co. generated revenue of $1,250 in 2006. This was 12.5% of its gross revenue. In 2007, the gross revenue grew by $2,500. What is the percentage increase in the revenue in 2007?

(A) 12.5%
(B) 20%
(C) 25%
(D) 50%
(E) 66.3%


gross revenue = 1250*100/12.5 ; 10^4
and 2007 increase by 2500 $ ; 12500 $
% change ; 2500/10^4 ; 25%
IMO C
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Re: Carlos & Co. generated revenue of $1,250 in 2006. This was 12.5% of it  [#permalink]

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New post 11 Apr 2019, 01:56
Carlos & Co. generated revenue of $1,250 in 2006. This was 12.5% of its gross revenue. In 2007, the gross revenue grew by $2,500. What is the percentage increase in the revenue in 2007?

(A) 12.5%
(B) 20%
(C) 25%
(D) 50%
(E) 66.3%

Generated = 12.5/100 * Gross
1250 = 0.125*Gross
Gross = 10000

Increase in 2007 = 2500
% inc = (2500/10000) * 100
= 25%

Option C is correct
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Re: Carlos & Co. generated revenue of $1,250 in 2006. This was 12.5% of it  [#permalink]

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New post 11 Apr 2019, 03:03
Bunuel wrote:
Carlos & Co. generated revenue of $1,250 in 2006. This was 12.5% of its gross revenue. In 2007, the gross revenue grew by $2,500. What is the percentage increase in the revenue in 2007?

(A) 12.5%
(B) 20%
(C) 25%
(D) 50%
(E) 66.3%


12.5% is 1/8.

If 1/8 of Gross Revenue is 1250, Gross Revenue = 8*1250

It grew by 2500 = 2*1250

Percentage increase in revenue = (2/8)*100 = 25%

Answer (C)
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Re: Carlos & Co. generated revenue of $1,250 in 2006. This was 12.5% of it  [#permalink]

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New post 13 Apr 2019, 06:29
Is the question asked us increase in revenue or gross revenue?

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Re: Carlos & Co. generated revenue of $1,250 in 2006. This was 12.5% of it  [#permalink]

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New post 13 Apr 2019, 19:00
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Bunuel wrote:
Carlos & Co. generated revenue of $1,250 in 2006. This was 12.5% of its gross revenue. In 2007, the gross revenue grew by $2,500. What is the percentage increase in the revenue in 2007?

(A) 12.5%
(B) 20%
(C) 25%
(D) 50%
(E) 66.3%



We let r = the gross revenue in 2006. We can create the equation:

0.125 x r = 1250

r = 10,000

So, in 2006, the gross revenue was 10,000. In 2007, gross revenue increased to 10000 + 2500 = 12500.

Using the percent increase formula: (New - Old)/Old x 100%, we see that the percent increase was:

(12500 - 10000)/10,000 = 2,500/10,000 x 100 = 25%.

Answer: C
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Re: Carlos & Co. generated revenue of $1,250 in 2006. This was 12.5% of it   [#permalink] 13 Apr 2019, 19:00
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