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During a certain three-month period, Vandelay Industries reported a $3
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17 May 2023, 01:57
17 May 2023, 01:57
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96% (00:57) correct
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During a certain three-month period, Vandelay Industries reported a $3,500 profit. If, over the next three-month period, Vandelay Industries reported $6,000 profit for those months, by approximately what percent did Vandelay Industries’ profit increase?
A. 25%
B. 32%
C. 42%
D. 55%
E. 70%
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A. 25%
B. 32%
C. 42%
D. 55%
E. 70%
Post A Detailed Correct Solution For The Above Questions And Get A Kudos.
Question From Our Project: Free GRE Prep Club Tests in Exchange for 20 Kudos
\(\Longrightarrow\) Cracking the GRE Premium
\(\Longrightarrow\) GRE Math Essentials - A most comprehensive handout!!
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Joined: 20 Feb 2017
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Re: During a certain three-month period, Vandelay Industries reported a $3
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18 May 2023, 05:18
18 May 2023, 05:18
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Expert Reply
To calculate the approximate percentage increase in profit, we can use the formula:
Percentage Increase = ((New Value - Original Value) / Original Value) * 100%
Let's assume the profit in the first three-month period is the original value, and the profit in the next three-month period is the new value.
Original Value = $3,500
New Value = $6,000
Percentage Increase = (($6,000 - $3,500) / $3,500) * 100%
Percentage Increase = ($2,500 / $3,500) * 100%
Percentage Increase ≈ 71.43%
Rounding to the nearest percent, the approximate percentage increase in profit is 71%.
Therefore, the closest answer choice is E. 70%.
Percentage Increase = ((New Value - Original Value) / Original Value) * 100%
Let's assume the profit in the first three-month period is the original value, and the profit in the next three-month period is the new value.
Original Value = $3,500
New Value = $6,000
Percentage Increase = (($6,000 - $3,500) / $3,500) * 100%
Percentage Increase = ($2,500 / $3,500) * 100%
Percentage Increase ≈ 71.43%
Rounding to the nearest percent, the approximate percentage increase in profit is 71%.
Therefore, the closest answer choice is E. 70%.
Re: During a certain three-month period, Vandelay Industries reported a $3
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04 Aug 2024, 15:53
04 Aug 2024, 15:53
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