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In the month of August, Pentheus Corporation made $200,000 in profit.
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08 Mar 2015, 19:14
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In the month of August, Pentheus Corporation made $200,000 in profit. Pentheus made 6% of that profit on the second Wednesday of August. If the profits that day were approximately 14.5% of the revenue for that day, then what was Pentheus’s revenue on the second Wednesday of August? A. $65,536 B. $75,025 C. $77,922 D. $80,000 E. $82,756 Kudos for a correct solution.
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Re: In the month of August, Pentheus Corporation made $200,000 in profit.
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08 Mar 2015, 21:43
Hi Pentheus Corporation Profit = 200,000 Profit on the second Wednesday of August= 6% of 200,000 = 12000 Now this profit 12000 = 14.5 % of the REVENUE of that day Now REVENUE = (12000*100)/14.5 = 82,756
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Re: In the month of August, Pentheus Corporation made $200,000 in profit.
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08 Mar 2015, 23:59
Bunuel wrote: In the month of August, Pentheus Corporation made $200,000 in profit. Pentheus made 6% of that profit on the second Wednesday of August. If the profits that day were approximately 14.5% of the revenue for that day, then what was Pentheus’s revenue on the second Wednesday of August?
A. $65,536 B. $75,025 C. $77,922 D. $80,000 E. $82,756
Kudos for a correct solution. +1 for E. Profit made on second Wednesday of August=6/100*200,000=$12000 Revenue=12000*100/14.5=2400,000/29=$82,756



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In the month of August, Pentheus Corporation made $200,000 in profit.
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09 Mar 2015, 00:29
Answer = E. $82,756 6% of profit\(= \frac{200000*6}{100} = 12000\) Profit on Wednesday \(= \frac{12000*100}{14.5} = 82***\) Answer would be more than 80,000 which is option E
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Re: In the month of August, Pentheus Corporation made $200,000 in profit.
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09 Mar 2015, 00:32
iaak wrote: Hi
Pentheus Corporation Profit = 200,000
Profit on the second Wednesday of August= 6% of 200,000 = 12000
Now this profit 12000 = 14.5 % of the REVENUE of that day
Now REVENUE = (12000*100)/14.5 = 82,756 Is there a trick in dividing that last bit? I came as far as: 12000 = 14.5X(Revenue)/100 therefore X(revenue) = 12000 / 0.145 OR (12000*100)/14.5 But the actual division of that is where I get stuck because it takes forever.. SO hoping there is some kind of smart trick? Thanks for any advice!



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Re: In the month of August, Pentheus Corporation made $200,000 in profit.
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09 Mar 2015, 01:26
total profit = 200,000 profit made on wednesday = .06x200,000=12,000 revenue=12,000/.145=12000x100/14.5= 82,756 you can save a few seconds by looking at the options, dividing the final value by 14.5 we get the first digit as 8 and there's further division left so only viable option is (E)
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Re: In the month of August, Pentheus Corporation made $200,000 in profit.
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09 Mar 2015, 21:56
sabineodf wrote: iaak wrote: Hi
Pentheus Corporation Profit = 200,000
Profit on the second Wednesday of August= 6% of 200,000 = 12000
Now this profit 12000 = 14.5 % of the REVENUE of that day
Now REVENUE = (12000*100)/14.5 = 82,756 Is there a trick in dividing that last bit? I came as far as: 12000 = 14.5X(Revenue)/100 therefore X(revenue) = 12000 / 0.145 OR (12000*100)/14.5 But the actual division of that is where I get stuck because it takes forever.. SO hoping there is some kind of smart trick? Thanks for any advice! Approximate. Say 14.5 is close to 15 1200,000/15 = 80,000 (because we know that 15*8 = 120) But the actual division has 14.5 as divisor so the answer must be greater than 80,000. Only one options is greater than 80,000 and that is (E)
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Re: In the month of August, Pentheus Corporation made $200,000 in profit.
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15 Mar 2015, 19:48
Bunuel wrote: In the month of August, Pentheus Corporation made $200,000 in profit. Pentheus made 6% of that profit on the second Wednesday of August. If the profits that day were approximately 14.5% of the revenue for that day, then what was Pentheus’s revenue on the second Wednesday of August?
A. $65,536 B. $75,025 C. $77,922 D. $80,000 E. $82,756
Kudos for a correct solution. MAGOOSH OFFICIAL SOLUTION:First of all, 1% of $200,000 is $2000, and six times this means 6% is $12,000. That’s the easy part of the problem. Now we know 14.5% of revenue is $12,000. As we discussed in this post, starting with (C) in this problem would not be fun. Instead, we’ll backsolving starting with the round number, choice (D). Suppose revenue = $80,000. (a) 1% of $80,000 = $800 (b) 10% of $80,000 = $8,000 (c) Multiply (a) by 4: 4% of $80,000 = $3,200 (d) Divide (a) by half: 0.5% of $80,000 = $400 (e) add (b) & (c) & (d): 14.5% of $80,000 = $11,600 That’s a bit shy of the required $12,000, so revenue must be larger than $80,000. That leads up immediately to the last choice. Answer = (E)
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Re: In the month of August, Pentheus Corporation made $200,000 in profit.
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18 Jan 2018, 07:51
Bunuel wrote: In the month of August, Pentheus Corporation made $200,000 in profit. Pentheus made 6% of that profit on the second Wednesday of August. If the profits that day were approximately 14.5% of the revenue for that day, then what was Pentheus’s revenue on the second Wednesday of August?
A. $65,536 B. $75,025 C. $77,922 D. $80,000 E. $82,756 On the second Wednesday of August, the profit made was 0.06 x 200,000 = 12,000. Since 12,000 was approximately 14.5% of the revenue for that day, we have: 12,000 = 0.145(revenue) 12,000/0.145 = revenue Since we can estimate, we see that 12,000/0.15 = 80,000; however, since we are dividing by 0.145, which is a SMALLER NUMBER, we see that our answer must be a bit larger than 80,000, and the only answer that fits is E, 82,756. Answer: E
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Re: In the month of August, Pentheus Corporation made $200,000 in profit.
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18 Oct 2018, 05:47
Bunuel wrote: In the month of August, Pentheus Corporation made $200,000 in profit. Pentheus made 6% of that profit on the second Wednesday of August. If the profits that day were approximately 14.5% of the revenue for that day, then what was Pentheus’s revenue on the second Wednesday of August?
A. $65,536 B. $75,025 C. $77,922 D. $80,000 E. $82,756
Kudos for a correct solution. In the month of August, Pentheus Corporation made $200,000 in profit. Pentheus made 6% of that profit on the second Wednesday of August. 1% of $200,000 = $2,000, so 6% of $200,000 = (6)($2,000) = $12,000So, the profit on that day = $12,000 If the profits that day were approximately 14.5% of the revenue for that day, then what was Pentheus’s revenue on the second Wednesday of August? Let R = the day's revenue. So, we can write: $12,000/R = 14.5/100 Cross multiply to get: 1,200,000 = 14.5R So, R = 1,200,000/14.5 IMPORTANT: We COULD use long division to evaluate 1,200,000/14.5, but here's a faster route. First recognize that 1,200,000/15 = 80,000 Since 14.5 is a little bit smaller than 15, we know that 1,200,000/14.5 will be a little bit greater than 80,000Answer: E Cheers, Brent
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Re: In the month of August, Pentheus Corporation made $200,000 in profit. &nbs
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