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Re: In 1999, Company X's gross profit was what percent of its [#permalink]
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ankur55
I got this question in gmatprep test today

In 1999 Company X's gross profit was what percent of its revenue?

A) In 1999 Comapny X's gross profit was 1/3 of its expenses.
B) In 1999 Company X's expenses were 3/4 of its revenue.

profit = rev - exp, what is p/r
from 1
p =1/3e ,
rev = 1/3+1 e = 4/3 e, thus p/r = (1/3e)/(4/3e)...suff

from 2

suff
i d say D
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Re: In 1999, Company X's gross profit was what percent of its [#permalink]
Aren't there expenses such as rent that don't get included in gross profit? I think the question means Cost of Goods Sold rather than expenses. Operating expenses do not get included in gross profit. Therefore, A and B are required to answer the question, so answer C?
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Re: In 1999, Company X's gross profit was what percent of its [#permalink]
Dauan
Aren't there expenses such as rent that don't get included in gross profit? I think the question means Cost of Goods Sold rather than expenses. Operating expenses do not get included in gross profit. Therefore, A and B are required to answer the question, so answer C?


Itna deep thinking nahi karne ka re,
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Re: In 1999, Company X's gross profit was what percent of its [#permalink]
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Re: In 1999, Company X's gross profit was what percent of its [#permalink]
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