BREAKING: Target Test Prep releases Brand New 2026 On Demand GMAT prep course

Redeem

firms financial data

Expert replies
by pappueshwar » Fri Feb 17, 2012 7:11 am
request to assist in solving the below

A firm's financial data for 2004-2006 is given in this chart (all figures in 1000s of $). If the firm's average anual profits over the period 2004-2012 are $300,000, and its average costs and revenues change by an equal percentage between the two periods, what is the ratio of its revenue in 2004-2006 to its revenue for the years 2007-2012?

year 2004 2005 2006

cost 400 900 500
revenue 300 700 1100

choices:

1/6
2/9
1/4
2/5
1/2
Join the discussion
Source: — Problem Solving |

by GMATGuruNY » Fri Feb 17, 2012 7:23 am
Private tutor exclusively for the GMAT and GRE, with over 20 years of experience.
Followed here and elsewhere by over 1900 test-takers.
I have worked with students based in the US, Australia, Taiwan, China, Tajikistan, Kuwait, Saudi Arabia -- a long list of countries.
My students have been admitted to HBS, CBS, Tuck, Yale, Stern, Fuqua -- a long list of top programs.

As a tutor, I don't simply teach you how I would approach problems.
I unlock the best way for YOU to solve problems.

For more information, please email me (Mitch Hunt) at [email protected].
Student Review #1
Student Review #2
Student Review #3
Join the discussion

by pappueshwar » Fri Feb 17, 2012 8:27 am
thanks mitch ...ur solutions rock !!!

that was pretty easy to understand
Join the discussion