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What was the percentage change in the simple average profit per car

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Joined: 07 Dec 2016
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What was the percentage change in the simple average profit per car  [#permalink]

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New post 14 Apr 2017, 17:52
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Difficulty:

  45% (medium)

Question Stats:

60% (01:08) correct 40% (01:06) wrong based on 131 sessions

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What was the percentage change in the simple average profit per car sold by dealer X from 2000 to 2009?

1) The total profit from car sales at dealer X increased by 70% from 2000 to 2009
2) The total number of cars increased from 1253 in 2000 to 1687 in 2009

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Joined: 17 Aug 2012
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Concentration: General Management, Strategy
Schools: Copenhagen, ESMT"19
GPA: 3.75
WE: Consulting (Energy and Utilities)
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Re: What was the percentage change in the simple average profit per car  [#permalink]

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New post 26 Apr 2017, 04:43
Let profit in year 2000 be X then average profit = X/1253
Profit in year 2009 1.7 X (From statement 1) -> Average profit 1.7X/1687

With both above we can calculate percentage change in average profit
Re: What was the percentage change in the simple average profit per car &nbs [#permalink] 26 Apr 2017, 04:43
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