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For a certain company, operating costs and commissions totaled $550 mi

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For a certain company, operating costs and commissions totaled $550 mi  [#permalink]

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New post Updated on: 02 Nov 2018, 04:19
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  15% (low)

Question Stats:

82% (01:15) correct 18% (01:14) wrong based on 41 sessions

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For a certain company, operating costs and commissions totaled $550 million in 1990, representing an increase of 10 percent from the previous year. The sum of operating costs and commissions for both years was

(A) $1,000 million
(B) $1,050 million
(C) $1,100 million
(D) $1,150 million
(E) $1,155 million

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Originally posted by pushpitkc on 02 Nov 2018, 04:12.
Last edited by Bunuel on 02 Nov 2018, 04:19, edited 1 time in total.
EDITED.
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Re: For a certain company, operating costs and commissions totaled $550 mi  [#permalink]

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New post 03 Nov 2018, 03:42
1
\(500 +\frac{10}{100}*500 = 500 + 50 = 550\)

Thus, the operating costs and commissions for previous year is 500M

The sum of operating costs and commissions for both years was 500+550 = $1,050 million

Answer B
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Re: For a certain company, operating costs and commissions totaled $550 mi   [#permalink] 03 Nov 2018, 03:42
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For a certain company, operating costs and commissions totaled $550 mi

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