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

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sm176811
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In 1999, Company X's gross profit was what percent of its [#permalink] New post  14 Apr 2006, 12:49
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In 1999, Company X's gross profit was 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.
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jcgoodchild
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Re: In 1999, Company X's gross profit was what percent of its [#permalink] New post  14 Apr 2006, 13:06
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In 1999, Company X's gross profit was 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.

Let's remember that gross profit equals revenue - expenses.

Statement 1: GP = 1/3 E
GP = R - E
GP = R - 3GP
R = 4GP

Therefore, Gross profit is 1/4 of revenues.

Statement 2: E = 3/4R
GP = R - E
GP = R - 3/4R
GP = 1/4R

Sufficient.

Answer is D.
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Re: In 1999, Company X's gross profit was what percent of its [#permalink] New post  25 Dec 2007, 20:57
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parsifal wrote:
In 1999, Company X's gross profit was 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

~parsifal


D.

1. gp = (1/3) e
e = 3gp
r = e + gp
r = 3gp + gp
r = 4gp

gp/r = gp/4gp = 1/4 = 25%.. suff.

2. e = (3/4) r
gp = r - e
gp = r - (3/4)r
gp = (1/4)r

again gp/r = 25%.
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Re: In 1999, Company X's gross profit was what percent of its [#permalink] New post  09 Aug 2009, 03:26
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ankur55 wrote:
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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Dauan
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Re: In 1999, Company X's gross profit was what percent of its [#permalink] New post  15 Aug 2022, 01:50
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] New post  01 Oct 2022, 22:37
Dauan wrote:
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]
01 Oct 2022, 22:37
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