Forum Home > GMAT > Quantitative > Problem Solving (PS)
Events & Promotions
|
|
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.
Customized
for You
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Dec 1310:00 AM EST
-12:00 PM EST
Have you ever wondered how to score a PERFECT 805 on the GMAT? Meet Julia, a banking professional who used the Target Test Prep course to achieve this incredible feat. Julia's story is nothing short of an inspiration.
Dec 1207:30 AM PST
-08:30 AM PST
Join the conversation to learn more about INSEAD vs LBS
Dec 1410:00 AM EST
-12:00 PM EST
Think a 100% GMAT Verbal score is out of your reach? Target Test Prep will make you think again! Our course uses techniques such as topical study and spaced repetition to maximize knowledge retention and make studying simple and fun.
Dec 1411:00 AM IST
-01:00 PM IST
Attend this session to learn how to Deconstruct arguments, Pre-Think Author’s Assumptions, and apply Negation Test.- Dec 15
11:00 AM IST
-01:00 PM IST
Attend this free GMAT Algebra Webinar and learn how to master the most challenging Inequalities and Absolute Value problems with ease. - Dec 16
08:00 AM PST
-11:59 PM PST
GMAT Club 12 Days of Christmas is a 4th Annual GMAT Club Winter Competition based on solving questions. This is the Winter GMAT competition on GMAT Club with an amazing opportunity to win over $40,000 worth of prizes! - Dec 17
09:00 AM PST
-10:00 AM PST
Join Manhattan Prep instructor Whitney Garner for a fun—and thorough—review of logic-based (non-math) problems, with a particular emphasis on Data Sufficiency and Two-Parts. - Dec 18
10:00 AM PST
-11:00 AM PST
Here is the essential guide to securing scholarships as an MBA student! In this video, we explore the various types of scholarships available, including need-based and merit-based options.
14 Feb 2016, 03:04
Kudos
Bookmarks
C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
5%
(low)
Question Stats:
96% (00:36) correct
4%
(00:24)
wrong
based on 110
sessions
History
Date
Time
Result
Not Attempted Yet
Company P’s profit this year was what percent of its profit last year?
(1) Company P’s total profit for this year and last year combined was $15,000.
(2) This year, Company P’s profit was $5,000.
(1) Company P’s total profit for this year and last year combined was $15,000.
(2) This year, Company P’s profit was $5,000.
Mo2men
Joined: 26 Mar 2013
Last visit: 09 May 2023
Posts: 2,453
Own Kudos:
Given Kudos: 641
Concentration: Operations, Strategy
Schools: Erasmus (II)
Products:
15 Feb 2016, 03:47
Kudos
Bookmarks
Current year profit =P1 & last year profit=P2
P1/P2=??
1)Total profits. no info for each year......Ins
2) only current year ......Ins
combine 1 & 2
P2=15000-5000=10,000
P1/P2=5000/10000=50%
Answer: C
P1/P2=??
1)Total profits. no info for each year......Ins
2) only current year ......Ins
combine 1 & 2
P2=15000-5000=10,000
P1/P2=5000/10000=50%
Answer: C
09 Jun 2016, 14:30
Kudos
Bookmarks
We have to calculate company P's profit is what percent of its profit last year.
Statement 1 provides information about total profit from both year- last and present year. we can't deduce any info about profit of this year. So insufficient
Statement 2 provides information about company P's profit this year,but we don't know profit of last year. So insufficient
Combining both statements, we get the profit for present year is 5000 and profit for last year is 10000. So company P's profit is 50 percent of its profit last year so Sufficient
Correct Answer - C
Statement 1 provides information about total profit from both year- last and present year. we can't deduce any info about profit of this year. So insufficient
Statement 2 provides information about company P's profit this year,but we don't know profit of last year. So insufficient
Combining both statements, we get the profit for present year is 5000 and profit for last year is 10000. So company P's profit is 50 percent of its profit last year so Sufficient
Correct Answer - C
