A company's profit margin is 30% of its 0,000 revenue. What are the total costs?
Difficulty: Medium
About this MCQ
Medium GMAT item. Correct choice: D. 8,000.
- A. 8,000
Why not A: “8,000” is not 8,000.
- B. 2,000
Why not B: “2,000” is not 8,000.
- C. 2,000
Why not C: “2,000” is not 8,000.
- D. 8,000 ✓
Correct answer
D. 8,000
Explanation
8,000 (option D) is the accepted answer to “A company's profit margin is 30% of its 0,000 revenue. What are the total costs”. Option A (8,000) is a different value from 8,000. Option B (2,000) is a different value from 8,000. Option C (2,000) is a different value from 8,000. Keep 8,000 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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