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Profit = Revenue Costs. If costs remain constant from 2007 to 2008
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16 Oct 2024, 23:58
16 Oct 2024, 23:58
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The following tables show the revenues & costs, in thousands of dollars, for a small company in the year 2007.
Profit = Revenue – Costs. If costs remain constant from 2007 to 2008, and if revenues increase by 10% in that same period, by what percent will profits increase from 2007 to 2008?
A. 11.6%
B. 25.8%
C. 34.7%
D. 71.2%
E. 116.3%
Profit = Revenue – Costs. If costs remain constant from 2007 to 2008, and if revenues increase by 10% in that same period, by what percent will profits increase from 2007 to 2008?
A. 11.6%
B. 25.8%
C. 34.7%
D. 71.2%
E. 116.3%
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