Source: Veritas Prep
During a 3 year period, the profits of company X changed by what percent from the second year to the third year?
1. The increase in profits of company X from the first year to the second year was the same as the increase from the first year to the third year.
2. For company X the profits for first year = $13,000 and for 3rd year = $15,900.
The OA is A.
During a 3 year period, the profits of company X changed by
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Statement 1:BTGmoderatorLU wrote:Source: Veritas Prep
During a 3 year period, the profits of company X changed by what percent from the second year to the third year?
1. The increase in profits of company X from the first year to the second year was the same as the increase from the first year to the third year.
2. For company X the profits for first year = $13,000 and for 3rd year = $15,900
If profits increase by $X from the first year to the second year, then they must increase by $0 from the second year to the third year, with the result that the increase in profits from the first year to the third year (X+0 = $X) is the same as the increase in profits from the first year to the second year (also $X).
Since profits increase by $0 from the second year to the third year, the percent change from the second year to the third year = 0%.
SUFFICIENT.
Statement 2:
No way to determine the percent change from the second year to the third year.
INSUFFICIENT.
The correct answer is A.
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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