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10 Apr 2019, 23:28
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C
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Difficulty:
25%
(medium)
Question Stats:
77% (01:54) correct
23%
(02:05)
wrong
based on 56
sessions
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Not Attempted Yet
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%
(A) 12.5%
(B) 20%
(C) 25%
(D) 50%
(E) 66.3%
Archit3110
Major Poster
11 Apr 2019, 01:27
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Bunuel
gross revenue = 1250*100/12.5 ; 10^4
and 2007 increase by 2500 $ ; 12500 $
% change ; 2500/10^4 ; 25%
IMO C
11 Apr 2019, 01:56
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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
(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
