Arithmetic

[swerve]

Last year if 97 percent of the revenues of a company came from domestic sources and the remaining revenues, totaling $450,000, came from foreign sources, what was the total of the company's revenues?

A. $1,350,000
B. $1,500,000
C. $4,500,000
D. $15,000,000
E. $150,000,000

The OA is D

Source: Official Guide

[Chan96]

Easy method ratios
3%=450,00
100%=x
cross multiply 15,000,000

[Scott@TargetTestPrep]

Last year if 97 percent of the revenues of a company came from domestic sources and the remaining revenues, totaling $450,000, came from foreign sources, what was the total of the company's revenues?

A. $1,350,000
B. $1,500,000
C. $4,500,000
D. $15,000,000
E. $150,000,000

The OA is D

Source: Official Guide

Solution:

Since 97% of the revenues of a company came from domestic sources, 3% of the revenues, totaling $450,000, came from foreign sources. If we let t = total revenue, then:

0.03t = 450,000

t = 450,000/0.03

t = 15,000,000

Answer: D