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# In 1999 Company X's gross profit is what percent of its

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Manager
Joined: 26 Mar 2008
Posts: 96
Schools: Tuck, Duke
In 1999 Company X's gross profit is what percent of its [#permalink]

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15 Oct 2008, 18:28
In 1999 Company X's gross profit is what percent of its revenue?

(1) In 1999 Company X's gross profit was 1/3 of its expenses
(2) In 1999 Company X's expenses were 3/4 of its revenue

OA is D IMO B

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Senior Manager
Joined: 21 Apr 2008
Posts: 265
Location: Motortown

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15 Oct 2008, 19:03
arorag wrote:
In 1999 Company X's gross profit is what percent of its revenue?

(1) In 1999 Company X's gross profit was 1/3 of its expenses
(2) In 1999 Company X's expenses were 3/4 of its revenue

OA is D IMO B

P = R-E

a. P = E/3 -> E = 3P -> P = 1/4R (25%) - Sufficient
b. E = 3/4R - > P = 1/4R (25%) - Sufficient

Manager
Joined: 26 Mar 2008
Posts: 96
Schools: Tuck, Duke

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15 Oct 2008, 20:20
Thanks for explanation
SVP
Joined: 17 Jun 2008
Posts: 1504

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15 Oct 2008, 21:57
What is the source? Initially, I picked C, but after seeing OA, I learnt that logical meaning of gross profit and expense needs to be applied.
Director
Joined: 23 May 2008
Posts: 757

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15 Oct 2008, 22:00
scthakur wrote:
What is the source? Initially, I picked C, but after seeing OA, I learnt that logical meaning of gross profit and expense needs to be applied.

i wondered the same thing...I dont think you have to know that pofit = revenue - expenses for the gmat..good problem though
VP
Joined: 30 Jun 2008
Posts: 1019

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16 Oct 2008, 19:57
scthakur wrote:
What is the source? Initially, I picked C, but after seeing OA, I learnt that logical meaning of gross profit and expense needs to be applied.

This one is from GMATPrep

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Re: OA ??   [#permalink] 16 Oct 2008, 19:57
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# In 1999 Company X's gross profit is what percent of its

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