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# A company’s profit in March was $15,600. If the cost of oper  Question banks Downloads My Bookmarks Reviews Important topics Author Message TAGS: Director Joined: 20 Apr 2016 Posts: 948 WE: Engineering (Energy and Utilities) Followers: 13 Kudos [?]: 708 [0], given: 152 A company’s profit in March was$15,600. If the cost of oper [#permalink]  28 Sep 2017, 11:12
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A company’s profit in March was $15,600. If the cost of operating the business in March was one third of the revenue gained, how much revenue, in dollars, did the company collect that month? enter your value [Reveal] Spoiler:$ 23400

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Director
Joined: 03 Sep 2017
Posts: 520
Followers: 1

Kudos [?]: 363 [1] , given: 66

Re: A company’s profit [#permalink]  30 Sep 2017, 05:47
1
KUDOS
Profits = revenues - costs.

Then costs are equal to $$\frac{1}{3}$$revenues so we can substitute in the formula to get 15,600 = revenues - $$\frac{1}{3}$$revenues = $$\frac{2}{3}$$revenues.

Then, the revenues = 15,600*$$\frac{3}{2}$$, i.e. 23,400$Re: A company’s profit [#permalink] 30 Sep 2017, 05:47 Display posts from previous: Sort by # A company’s profit in March was$15,600. If the cost of oper

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