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27 Jun 2025, 00:30
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C
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:
99% (00:35) correct
1%
(01:05)
wrong
based on 70
sessions
History
Date
Time
Result
Not Attempted Yet
Company P’s profit this year was what percent of its profit last year?
(1) Company P’s total profit for this year and last year combined was $15,000.
(2) This year, Company P’s profit was $5,000.
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) Company P’s total profit for this year and last year combined was $15,000.
(2) This year, Company P’s profit was $5,000.
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!
27 Jun 2025, 05:31
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Company P’s profit this year was what percent of its profit last year?
Let Company P’s profit this year = y
Let Company P’s profit last year = x
y/x=?
S1
x+y=15000
No info on y/x
Insufficient
S2
y=5000
No info on x
Insufficient
Combined y = 5000 and x = 15000-5000 =10000
y/x * 100 = 5000/10000 = 1/2 * 100 = 50%
Sufficient
Answer C
Let Company P’s profit this year = y
Let Company P’s profit last year = x
y/x=?
S1
x+y=15000
No info on y/x
Insufficient
S2
y=5000
No info on x
Insufficient
Combined y = 5000 and x = 15000-5000 =10000
y/x * 100 = 5000/10000 = 1/2 * 100 = 50%
Sufficient
Answer C
Bunuel
27 Jun 2025, 11:22
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Bunuel
Company P’s profit this year was what percent of its profit last year?
To find this we, need the values of profit This year and Last year.
Or alteast the profit of either This year or Last year along with the combined profits (this year + last year) .
Or alteast the profit of either This year or Last year along with the difference of profits (this year ~ last year) .
Statement 1:
(1) Company P’s total profit for this year and last year combined was $15,000.
Combined value is given. But, individual values are not provided.
Hence, Insufficient
Statement 2:
(2) This year, Company P’s profit was $5,000.
Only one parameter is given. We don’t have any other data to arrive with.
Hence, insufficient
Combining both Statements 1 and 2, we have the value of this yr profit along with the combined profit (This yr + Last yr). We can get individual values. So the question : Company P’s profit this year was what percent of its profit last year? is answerable.
Hence, sufficient.
Option C
