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In 1998 the yearly expenses to run a certain small business
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05 Dec 2019, 11:14
05 Dec 2019, 11:14
Expert Reply
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Question Stats:
76% (00:49) correct
23% (01:22) wrong based on 21 sessions
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In 1998 the yearly expenses to run a certain small business were x dollars. In 1999 the yearly expenses to run the business increased by 10 percent of the 1998 yearly expenses. In 2000 the yearly expenses decreased by 5 percent of the 1999 yearly expenses.
A)The quantity in Column A is greater.
B)The quantity in Column B is greater.
C)The two quantities are equal.
D)The relationship cannot be determined from the information given.
Kudos for the right answer and explanation
Quantity A |
Quantity B |
The percent increase from 1998 to 2000 in the yearly expenses to run the business |
5% |
A)The quantity in Column A is greater.
B)The quantity in Column B is greater.
C)The two quantities are equal.
D)The relationship cannot be determined from the information given.
Kudos for the right answer and explanation
Re: In 1998 the yearly expenses to run a certain small business
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15 Jan 2020, 07:48
15 Jan 2020, 07:48
Carcass wrote:
In 1998 the yearly expenses to run a certain small business were x dollars. In 1999 the yearly expenses to run the business increased by 10 percent of the 1998 yearly expenses. In 2000 the yearly expenses decreased by 5 percent of the 1999 yearly expenses.
A)The quantity in Column A is greater.
B)The quantity in Column B is greater.
C)The two quantities are equal.
D)The relationship cannot be determined from the information given.
Kudos for the right answer and explanation
Quantity A |
Quantity B |
The percent increase from 1998 to 2000 in the yearly expenses to run the business |
5% |
A)The quantity in Column A is greater.
B)The quantity in Column B is greater.
C)The two quantities are equal.
D)The relationship cannot be determined from the information given.
Kudos for the right answer and explanation
Here,
QTY A = The percent increase from 1998 to 2000 in the yearly expenses to run the business = \(1 - ( 1.1 * 0.95) = 0.045 = 4.5\)%
QTY B = 5%
Option B
gmatclubot
Re: In 1998 the yearly expenses to run a certain small business [#permalink]
15 Jan 2020, 07:48
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