In $1999,$ Company $X$'s gross profit was what percent of its revenue?

In $1999,$ Company $X$'s gross profit was what percent of its revenue?

(1) In $1999$ Company $X$'s gross profit was $\dfrac13$ of its expenses
(2) In $1999$ Company $X$'s expenses were $\dfrac34$ of its revenue.

Answer: D

Source: GMAT Prep

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