A company's profit is calculated as revenue minus costs. If revenue is 0;000 and profit margin is 20%; what are the total costs?
Difficulty: Medium
About this MCQ
Medium GMAT item. Correct choice: A. 0;000.
- A. 0;000 ✓
- B. 0;000
Why not B: “0;000” is not 0;000.
- C. 0;000
Why not C: “0;000” is not 0;000.
- D. 0;000
Why not D: “0;000” is not 0;000.
Correct answer
A. 0;000
Explanation
0;000 (option A) is the accepted answer to “A company's profit is calculated as revenue minus costs. If revenue is 0;000 and profit margin is 20%; what are the total costs”. Option B (0;000) is a different value from 0;000. Option C (0;000) is a different value from 0;000. Option D (0;000) is a different value from 0;000. Keep 0;000 as the GMAT fact for this stem.
Source: Original practice question; MCQsHub
Tags: American Exams, Quant, GMAT, Business Math
Submitted by: MCQsHub Editorial
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