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GMAT Paper Tests
In 1982 and 1983, Company B’s operating expenses were $12.0 million and $14.0 million, respectively, and its revenues were $15.6 million and $18.8 million, respectively. What was the percent increase in Company B’s profit (revenues minus operating expenses) from 1982 to 1983?
A. 3%
B.16 2/3%
C. 25%
D. 33 1/3%
E. 60%
OA D
In 1982 and 1983, Company B’s operating expenses were $12.0 million and $14.0 million, respectively, and its revenues were $15.6 million and $18.8 million, respectively. What was the percent increase in Company B’s profit (revenues minus operating expenses) from 1982 to 1983?
A. 3%
B.16 2/3%
C. 25%
D. 33 1/3%
E. 60%
OA D
