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A company’s profit in March was $15,600. If the cost of oper

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Director
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A company’s profit in March was $15,600. If the cost of oper [#permalink] New post 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?

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[Reveal] Spoiler:
$ 23400

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Re: A company’s profit [#permalink] New post 30 Sep 2017, 05:47
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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
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A company’s profit in March was $15,600. If the cost of oper

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