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In 2017, Company A had a total profit of $220 million. If half of the
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12 Apr 2023, 11:33
12 Apr 2023, 11:33
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39% (02:14) correct
60% (02:19) wrong based on 28 sessions
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In 2017, Company A had a total profit of $220 million. If half of the customers who switched to Company A were responsible for half of the profit for Plan X, how much did these customers contribute per person toward Company A’s profit for the year?
A $1.10
B $13.75
C $20.25
D $27.50
E $55.00
Re: In 2017, Company A had a total profit of $220 million. If half of the
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12 Apr 2023, 16:48
12 Apr 2023, 16:48
1
Half profit= 110m from 2m customers. So each contribute to $55.
Only for Plan X = 55 * 0.25 = 55/4 = $13.75
Only for Plan X = 55 * 0.25 = 55/4 = $13.75
Re: In 2017, Company A had a total profit of $220 million. If half of the
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18 Apr 2023, 04:00
18 Apr 2023, 04:00
Expert Reply
OE
The pie chart shows the breakdown of profit from the various plans offered and indicates that 25% of the profit came from Plan X. The other information you need to get to the correct answer is given in the question stem: Profit of $220 million. Half of the customers who switched were responsible for half of Plan X’s profits. Now that your information is organized, all you need to do is the calculation. Plan X accounts for 25% of $220 million = $55 million. Half of $55 million is $27.5 million. If 4 million people switched, then half of the people who switched would be 2 million. The last step is to divide $27.5 by 2 (you can drop the zeros in the millions because they will cancel out): $27.5 ÷ 2 = $13.75. The correct choice is (B).
The pie chart shows the breakdown of profit from the various plans offered and indicates that 25% of the profit came from Plan X. The other information you need to get to the correct answer is given in the question stem: Profit of $220 million. Half of the customers who switched were responsible for half of Plan X’s profits. Now that your information is organized, all you need to do is the calculation. Plan X accounts for 25% of $220 million = $55 million. Half of $55 million is $27.5 million. If 4 million people switched, then half of the people who switched would be 2 million. The last step is to divide $27.5 by 2 (you can drop the zeros in the millions because they will cancel out): $27.5 ÷ 2 = $13.75. The correct choice is (B).
