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The Green Life company turned in a first-year profit of $5,000. In its

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The Green Life company turned in a first-year profit of $5,000. In its  [#permalink]

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New post 11 Nov 2019, 02:45
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C
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E

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The Green Life company turned in a first-year profit of $5,000. In its second year, its profit is $8,000. If revenue grew 15% in that period while costs were constant, what were its second-year revenues?

(A) $15,000
(B) $20,000
(C) $23,000
(D) $26,500
(E) $27,800


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Re: The Green Life company turned in a first-year profit of $5,000. In its  [#permalink]

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New post 11 Nov 2019, 05:26
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Ans : C

Let X be the revenue in year 1, then in year 2 the revenue is 1.15X
Let C be the cost that remains constant
Year 1 -> X - C = 5000
Year 2 -> 1.15X - C = 8000
Solving both we get X to be 20,000 which is the revenue for the 1st year. The 2nd Year revenue will be 1.15*20000 = 23000
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Re: The Green Life company turned in a first-year profit of $5,000. In its   [#permalink] 11 Nov 2019, 05:26
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The Green Life company turned in a first-year profit of $5,000. In its

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