Company \(R\)'s annual profit has increased by a constant amount each calendar year since \(1985.\) What was Company

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Company \(R\)'s annual profit has increased by a constant amount each calendar year since \(1985.\) What was Company \(R\)'s annual profit in \(1991?\)

(1) In \(1985\) Company \(R\)'s annual profit was \(\$212,000;\) in \(1989\) Company \(R\)'s annual profit was \(\$242,000.\)
(2) Company \(R\)'s annual profit has increased by \(\$7,500\) each year since \(1985.\)

Answer: A

Source: GMAT Paper Tests