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Gross Profit

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Milanproda
 Post subject: Gross Profit
 Post Posted: Mon Sep 19, 2011 9:54 pm 
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Course Students


Posts: 48
In 1999 Company X's gross profit was what percent of its revenue?

1- In 1999 Company X's gross profit was 1/3 of its expenses.

2- In 1999 Company X's expenses were 3/4 of its revenue.


If anyone has the time or will, please elaborate on how to set these equations up and whether plugging in numbers will work well on a problem like this. I originally picked B, but was not sure whether C was the correct answer. Turns up the correct answer is A.
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RonPurewal
 Post subject: Re: Gross Profit
 Post Posted: Tue Sep 20, 2011 7:49 am 
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ManhattanGMAT Staff


Posts: 7146
please search the forum, sir. also check your answer, since it's wrong; the correct answer is (d) because the two statements are saying exactly the same thing.

link:
in-1999-company-x-s-gross-profit-is-what-percent-of-t867.html
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