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: C. 7,000.
- A. 3,000
Why not A: “3,000” is not 7,000.
- B. 7,000
Why not B: “7,000” is not 7,000.
- C. 7,000 ✓
- D. ,053,000
Why not D: “,053,000” is not 7,000.
Correct answer
C. 7,000
Explanation
7,000 (option C) is the accepted answer to “A company's profit margin is 30% of its 0,000 revenue. What are the total costs”. Option A (3,000) is a different value from 7,000. Option B (7,000) is a different value from 7,000. Option D (,053,000) is a different value from 7,000. Keep 7,000 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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