By what percent did Company A’s revenues increase from 1980 to 1985?
(1) In 1980, Company A’s revenues were $600,000; in 1985, its revenues were $800,000.
(2) Each year from 1980 to 1985, Company A’s revenues increased by $40,000.
OA A
Source: Princeton Review
By what percent did Company A’s revenues increase from 1980 to 1985?
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Statement 1: \(m=\) new value \(/\) old valueBTGmoderatorDC wrote: ↑Thu May 04, 2023 5:57 pmBy what percent did Company A’s revenues increase from 1980 to 1985?
(1) In 1980, Company A’s revenues were $600,000; in 1985, its revenues were $800,000.
(2) Each year from 1980 to 1985, Company A’s revenues increased by $40,000.
OA A
Source: Princeton Review
\(m=8/6=1.3\)
\(1+0.3=\)
Increased by \(30\%\) sufficient. \(\Large{\color{green}\checkmark}\)
Statement 2: it has mentioned that revenue increased by \(40000\) but we don't have info about what is the (\(x\)) original amount in 1980
\(X+40,000=y\)
\(Y+40,000=\)
\(\vdots\)
Not sufficient. \(\Large{\color{red}\chi}\)
Hence, A