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Company A's sales in year 1 were twice those of Company B. Each compan

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Company A's sales in year 1 were twice those of Company B. Each compan [#permalink]

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New post 01 Nov 2017, 12:21
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  65% (hard)

Question Stats:

53% (02:59) correct 47% (02:41) wrong based on 30 sessions

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Company A's sales in year 1 were twice those of Company B. Each company's realized profits were equal to 10 percent of its sales in that year. In year 2, Company A increased its sales by 10 percent, and its profits as a percentage of sales were 12 percent. In that same year, Company B increased its sales by 20 percent, but its profit margin declined to 9 percent. Approximately how much more were company A's profits in the second year than company B's profits?

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[Reveal] Spoiler: OA

Kudos [?]: 56 [0], given: 966

Manager
Manager
avatar
G
Joined: 14 Oct 2012
Posts: 182

Kudos [?]: 56 [0], given: 966

Premium Member Reviews Badge CAT Tests
Re: Company A's sales in year 1 were twice those of Company B. Each compan [#permalink]

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New post 01 Nov 2017, 12:22
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Kudos [?]: 56 [0], given: 966

Re: Company A's sales in year 1 were twice those of Company B. Each compan   [#permalink] 01 Nov 2017, 12:22
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Company A's sales in year 1 were twice those of Company B. Each compan

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