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.
The following tables show the revenues and costs, in thousan
[#permalink]
14 Mar 2019, 09:51
14 Mar 2019, 09:51
1
Expert Reply
00:00
Question Stats:
85% (01:53) correct
14% (02:12) wrong based on 54 sessions
Hide Show timer Statistics
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 7011 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 7011 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
[#permalink]
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
[#permalink]
20 Feb 2022, 00:05
20 Feb 2022, 00:05
Hello from the GRE Prep Club BumpBot!
Thanks to another GRE Prep Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).
Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
Thanks to another GRE Prep Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).
Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
