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Start the planThe following tables show the revenues and costs, in thousands of dollars, for a small company in the year 2007
Profit = Revenue – Costs. If costs remain constant from 2007 to 2008, and if revenues increase by \(10\%\) in that same period, by what percent will profits increase from 2007 to 2008?
A. \(11.6\%\)
B. \(25.8\%\)
C. \(34.7\%\)
D. \(71.2\%\)
E. \(116.3\%\)
The OA is C
Profit = Revenue – Costs. If costs remain constant from 2007 to 2008, and if revenues increase by \(10\%\) in that same period, by what percent will profits increase from 2007 to 2008?
A. \(11.6\%\)
B. \(25.8\%\)
C. \(34.7\%\)
D. \(71.2\%\)
E. \(116.3\%\)
The OA is C
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