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The following tables show the revenues and costs, in thousan
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14 Mar 2019, 09:51
14 Mar 2019, 09:51
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84% (01:51) correct
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The following tables show the revenues and costs, in thousands of dollars, for a small company in the year 2007.
#GREpracticequestion The following tables show the revenues and costs.jpg [ 76.6 KiB | Viewed 6864 times ]
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%
Attachment:
#GREpracticequestion The following tables show the revenues and costs.jpg [ 76.6 KiB | Viewed 6864 times ]
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%
Re: The following tables show the revenues and costs, in thousan
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21 Mar 2019, 07:53
21 Mar 2019, 07:53
1
Expert Reply
First, the profit in 2007 was 1052 - 749 = 303.
If costs remain constant, they will remain at 749.
If revenues increase by 10%, they will jump from 1052 to 1052*1.1 = 1157.2.
The profit in 2008, then, will be 1157.2 = 749 = 408.2.
408.2 = \(\frac{408.2}{303} \approx 1.347\) times greater than 303, or an increase of 34.7%.
If costs remain constant, they will remain at 749.
If revenues increase by 10%, they will jump from 1052 to 1052*1.1 = 1157.2.
The profit in 2008, then, will be 1157.2 = 749 = 408.2.
408.2 = \(\frac{408.2}{303} \approx 1.347\) times greater than 303, or an increase of 34.7%.
Re: The following tables show the revenues and costs, in thousan
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20 Feb 2022, 00:05
20 Feb 2022, 00:05
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