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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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Question Stats:

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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?

A. 25%
B. 120%
C. 150%
D. 220%
E. 250%
Manager
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Joined: 14 Oct 2012
Posts: 160
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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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Re: Company A's sales in year 1 were twice those of Company B. Each compan  [#permalink]

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New post 16 Apr 2018, 03:59
manishtank1988 wrote:
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?

A. 25%
B. 120%
C. 150%
D. 220%
E. 250%


In this question the information about first years profit seems redundant. We don't need that information to solve this question.
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Re: Company A's sales in year 1 were twice those of Company B. Each compan   [#permalink] 16 Apr 2018, 03:59
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