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At Store T, the dollar amount of sales for 2007 was what per

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At Store T, the dollar amount of sales for 2007 was what per [#permalink] New post 12 Sep 2017, 14:09
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Question Stats:

63% (01:20) correct 36% (01:17) wrong based on 19 sessions
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At Store T, the dollar amount of sales for 2007 was what percent of the dollar amount of sales for 2008 ?

Give your answer to the nearest 0.1 percent.

[Reveal] Spoiler: OA
108.7 %


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Question: 2
Page: 127
Difficulty: medium

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Founder
Founder
User avatar
Joined: 18 Apr 2015
Posts: 9336
Followers: 193

Kudos [?]: 2264 [0], given: 8822

CAT Tests
Re: At Store T, the dollar amount of sales for 2007 was what per [#permalink] New post 12 Sep 2017, 23:43
Expert's post
Explanation

If A is the dollar amount of sales at Store T for 2007, then 8 percent of A, or is the amount of decrease from 2007 to 2008. Thus is 0.08A, A − 0.08A = 0.92A the dollar amount for 2008. Therefore, the desired percent can be obtained by dividing A by 0.92A which is \(\frac{A}{0.92A}\) = \(\frac{1}{0.92}\) = \(1.08 %\) = \(108.7 %\)
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