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Is the percent increase in the profit made on the articles in the stor

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Is the percent increase in the profit made on the articles in the stor  [#permalink]

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New post 03 Jul 2017, 04:56
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Difficulty:

  25% (medium)

Question Stats:

93% (01:44) correct 7% (01:16) wrong based on 21 sessions

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Is the percent increase in the profit made on the articles in the store after the old manager was replaced by a new one greater than 100 percent? Assume that all articles are
identical.

(1) Articles were initially sold by the old manager at a price resulting in 10% profit for the store.
(2) After the old store manager was replaced by a new one, articles were sold at a price resulting in 80% profit for the store.

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Re: Is the percent increase in the profit made on the articles in the stor  [#permalink]

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New post 03 Jul 2017, 08:08
Bunuel wrote:
Is the percent increase in the profit made on the articles in the store after the old manager was replaced by a new one greater than 100 percent? Assume that all articles are
identical.

(1) Articles were initially sold by the old manager at a price resulting in 10% profit for the store.
(2) After the old store manager was replaced by a new one, articles were sold at a price resulting in 80% profit for the store.



(1) no info of profit done after manager replaced...insuff

(2) no info of profit made by earlier manager after manager replaced...insuff

combining ..
initial profit =10%
profit made by new manager = 80%

% change can be calculated .....suff

Ans C
GMAT Club Bot
Re: Is the percent increase in the profit made on the articles in the stor   [#permalink] 03 Jul 2017, 08:08
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Is the percent increase in the profit made on the articles in the stor

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