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The annual stockholders' report for Corporation X stated that profits
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18 Oct 2022, 02:27
18 Oct 2022, 02:27
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Question Stats:
40% (02:37) correct
60% (01:21) wrong based on 5 sessions
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The annual stockholders' report for Corporation X stated that profits were up 10 percent over the previous year, although profits as a percent of sales were down 10 percent. Total sales for that year were approximately what percent of sales for the previous year?
A. 78%
B. 90%
C. 110%
D. 122%
E. 190%
A. 78%
B. 90%
C. 110%
D. 122%
E. 190%
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GRE Math Essentials (2022)
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GRE Math Essentials (2022)
GRE Geometry Formulas
GRE - Math Book
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Joined: 20 Feb 2017
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Re: The annual stockholders' report for Corporation X stated that profits
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18 Oct 2022, 06:24
18 Oct 2022, 06:24
1
Expert Reply
Profit PY=100
Profit CY = 110
Profit PY/Sales PY = x
Profit CY/Sales CY =0.9x
110/sales CY= (100/sales PY)*0.9
Sales CY/Sales PY = 110/0.9*100 = 122%
Answer: D
Profit CY = 110
Profit PY/Sales PY = x
Profit CY/Sales CY =0.9x
110/sales CY= (100/sales PY)*0.9
Sales CY/Sales PY = 110/0.9*100 = 122%
Answer: D
gmatclubot
Re: The annual stockholders' report for Corporation X stated that profits [#permalink]
18 Oct 2022, 06:24
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