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12 Nov 2015, 02:15
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D
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
5%
(low)
Question Stats:
89% (01:22) correct
11%
(01:45)
wrong
based on 361
sessions
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In 1982 and 1983, Company B’s operating expenses were $12.0 million and $14.0 million, respectively, and its revenues were $15.6 million and $18.8 million, respectively. What was the percent increase in Company B’s profit (revenues minus operating expenses) from 1982 to 1983 ?
(A) 3%
(B)16 2/3%
(C) 25%
(D) 33 1/3%
(E) 60%
(A) 3%
(B)16 2/3%
(C) 25%
(D) 33 1/3%
(E) 60%
12 Nov 2015, 02:25
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Profit in 1982=15.6-12.0=3.6
profit in 1983=18.8-14.0=4.8
increase in profit=4.8-3.6=1.2
percentage increase
12*100/36 =33.33
profit in 1983=18.8-14.0=4.8
increase in profit=4.8-3.6=1.2
percentage increase
12*100/36 =33.33
12 Nov 2015, 02:36
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Profit in 1982 = 15.6 - 12 = 3.6 million $
Profit in 1983 = 18.8 - 14 = 4.8 million $
Percentage increase in profit = (4.8-3.6)/3.6 * 100 %
= 33.33 %
Answer D
Profit in 1983 = 18.8 - 14 = 4.8 million $
Percentage increase in profit = (4.8-3.6)/3.6 * 100 %
= 33.33 %
Answer D
