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07 Jun 2022, 08:30
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Difficulty:
35%
(medium)
Question Stats:
73% (02:36) correct
27%
(03:03)
wrong
based on 75
sessions
History
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Not Attempted Yet
In a given month, a restaurant spends between 55% and 70% of its revenue on food and supplies, and between 23% and 28% of its revenue on staff salaries. The remaining revenue is the restaurant’s net profit. If the restaurant earned $80,000 in revenue one month, which of the following could have been its net profit?
I. $1,700
II. $10,000
III. $17,000
A. I only
B. II only
C. III only
D. I and III only
E. I, II, and III
I. $1,700
II. $10,000
III. $17,000
A. I only
B. II only
C. III only
D. I and III only
E. I, II, and III
07 Jun 2022, 08:59
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In a given month, a restaurant spends between 55% and 70% of its revenue on food and supplies, and between 23% and 28% of its revenue on staff salaries. The remaining revenue is the restaurant’s net profit. If the restaurant earned $80,000 in revenue one month, which of the following could have been its net profit?
I. $1,700
II. $10,000
III. $17,000
Range for Food & supplies : 55-70 Min.56 Max. 69
Range for salary :23-28 Min. 24 Max . 27
Profit range 100-(56+24) to 100-(69+27) i.e 4 to 20% of revenue
Profit ranges between 3200 to 16000
Only Option II is possible.
I. $1,700
II. $10,000
III. $17,000
Range for Food & supplies : 55-70 Min.56 Max. 69
Range for salary :23-28 Min. 24 Max . 27
Profit range 100-(56+24) to 100-(69+27) i.e 4 to 20% of revenue
Profit ranges between 3200 to 16000
Only Option II is possible.
07 Jun 2022, 09:50
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Nirmesh83
Why it’s 56 Min and 69 max? It can not be 55,5%?
I think the revenue should be from 22 to 2 %
And if revenue is x it will be 1600 < x < 17600.
No ?
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