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12 September, 07:16

In 1998 the profits of company N were 10 percent of revenues. In 1999, the revenues of company N fell by 20 percent, but profits were 15 percent of revenues. The profits in 1999 were what percent of the profits in 1998?

A. 80%

B. 105%

C. 120%

D. 124.2%

E. 138%

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Answers (1)
  1. 12 September, 08:17
    0
    C. 120%

    Explanation:

    We assume the revenues in 1998 is $100

    So, the profit in 1998 would be

    = $100 * 10%

    = $10

    And, in 1999, the revenue is fall by 20%

    So, the revenue in 1999 would be

    = $100 - $100 * 20%

    = $80

    And, the profit in 1999 would be

    = $80 * 15%

    = $12

    So, the profit percentage would be

    = Profit in 1999 : Profit in 1998

    = $12 : $10

    = 120%
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