A company's profit margin is 15% of its 0,000 revenue. What are the total costs?
Difficulty: Medium
About this MCQ
Medium GMAT item. Correct choice: A. 1,500.
- A. 1,500 ✓
- B. 8,500
Why not B: “8,500” is not 1,500.
- C. 1,500
Why not C: “1,500” is not 1,500.
- D. ,500
Why not D: “,500” is not 1,500.
Correct answer
A. 1,500
Explanation
1,500 (option A) is the accepted answer to “A company's profit margin is 15% of its 0,000 revenue. What are the total costs”. Option B (8,500) is a different value from 1,500. Option C (1,500) is a different value from 1,500. Option D (,500) is a different value from 1,500. Keep 1,500 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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