GRE Prep Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.
Customized
for You
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
If the revenues in 2009 were $3 million less, and the expenses for 20
[#permalink]
29 Apr 2024, 05:10
29 Apr 2024, 05:10
Expert Reply
00:00
Question Stats:
66% (02:37) correct
33% (03:11) wrong based on 9 sessions
Hide Show timer Statistics
If the revenues in 2009 were $3 million less, and the expenses for 2009 were $4 million more, then the average (arithmetic mean) annual profit for the 10 years shown would be approximately how much less?
A. $300,000
B. $400,000
C. $600,000
D. $700,000
E. $1,000,000
Re: If the revenues in 2009 were $3 million less, and the expenses for 20
[#permalink]
06 May 2024, 04:06
06 May 2024, 04:06
Expert Reply
1
Bookmarks
OE
profit = revenue — cost. The change in profit during this time period would be: —$3 million — $4 million = —$7 million. Since the change would distribute evenly throughout the 10-year period, the change in the average would be:
change in profit/number of years = $7 million/10 = $700,000
profit = revenue — cost. The change in profit during this time period would be: —$3 million — $4 million = —$7 million. Since the change would distribute evenly throughout the 10-year period, the change in the average would be:
change in profit/number of years = $7 million/10 = $700,000
Moderators:
