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17 Jun 2025, 00:30
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E
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:
94% (00:52) correct
6%
(01:16)
wrong
based on 72
sessions
History
Date
Time
Result
Not Attempted Yet
What was the net profit of a certain company during their fourth year of operation?
(1) Net profit during the third year was half as much as during the fifth year.
(2) Net profit during the fourth year was $12 million more than during the third year.
Source: Grockit
Gentle note to all experts and tutors: Please refrain from replying to this question until the Official Answer (OA) is revealed. Let students attempt to solve it first. You are all welcome to contribute posts after the OA is posted. Thank you all for your cooperation!
(1) Net profit during the third year was half as much as during the fifth year.
(2) Net profit during the fourth year was $12 million more than during the third year.
Source: Grockit
Gentle note to all experts and tutors: Please refrain from replying to this question until the Official Answer (OA) is revealed. Let students attempt to solve it first. You are all welcome to contribute posts after the OA is posted. Thank you all for your cooperation!
17 Jun 2025, 04:53
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Let net profit for third, fourth and fifth year be x,y and z
What was the net profit of a certain company during their fourth year of operation?
S1
Net profit during the third year was half as much as during the fifth year.
2x=z
No info on fourth year net profit
Insufficient
S2
Net profit during the fourth year was $12 million more than during the third year.
y=x+12M
No info on third year net profit
Insufficient
Combined, 2x=z and y=x+12M, no way to calculate y. Insufficient
Answer E
What was the net profit of a certain company during their fourth year of operation?
S1
Net profit during the third year was half as much as during the fifth year.
2x=z
No info on fourth year net profit
Insufficient
S2
Net profit during the fourth year was $12 million more than during the third year.
y=x+12M
No info on third year net profit
Insufficient
Combined, 2x=z and y=x+12M, no way to calculate y. Insufficient
Answer E
Bunuel
17 Jun 2025, 22:37
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Bunuel
We need to find the net profit of Fourth year.
no information is provided in question stem.
Statement 1:
(1) Net profit during the third year was half as much as during the fifth year.
NP(3rd year) = (1/2)* NP(5th year)
if NP(5th year) = 2a
NP(3rd year) = a
Hence, insufficient
Statement 2:
(2) Net profit during the fourth year was $12 million more than during the third year.
NP(4th year) = NP(3rd year) + $12 million.
No information pertaining to third year is given.
Hence, insufficient
combining both statements , we get
NP(4th year) = NP(3rd year) + $12 million.
NP(4th year) = a + $12 million.
since, we don’t know a. We can’t find the net profit for fourth year.
Option E
