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Updated on: 02 Nov 2018, 04:19
00:00

Difficulty:

15% (low)

Question Stats:

83% (01:15) correct 18% (01:14) wrong based on 42 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.
Manager
Status: Quant Expert Q51
Joined: 02 Aug 2014
Posts: 103
Re: For a certain company, operating costs and commissions totaled $550 mi [#permalink] Show Tags 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

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