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Carlos & Co. generated revenue of $1,250 in 2006. This was 1
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24 Apr 2019, 01:47
24 Apr 2019, 01:47
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Carlos & Co. generated revenue of $1,250 in 2006. This was 12.5% of its gross revenue. In 2007, the gross revenue grew by $2,500. What is the percentage increase in the revenue in 2007?
(A) 12.5%
(B) 20%
(C) 25%
(D) 50%
(E) 66.3%
(A) 12.5%
(B) 20%
(C) 25%
(D) 50%
(E) 66.3%
Re: Carlos & Co. generated revenue of $1,250 in 2006. This was 1
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15 Oct 2019, 11:42
15 Oct 2019, 11:42
Since 1250 = 0.125 * grossrevenue, then grossrevenue = 10000.
We are asked for the percentage increase when we earn 2500 more than the previous year,
hence 2500/10000 = 0.25 or 25%.
Answer is C.
We are asked for the percentage increase when we earn 2500 more than the previous year,
hence 2500/10000 = 0.25 or 25%.
Answer is C.
gmatclubot
Re: Carlos & Co. generated revenue of $1,250 in 2006. This was 1 [#permalink]
15 Oct 2019, 11:42
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