Gross Profit

[Milanproda1]

In 1999 Company X's gross profit was what percent of its revenue?

1- In 1999 Company X's gross profit was 1/3 of its expenses.

2- In 1999 Company X's expenses were 3/4 of its revenue.


If anyone has the time or will, please elaborate on how to set these equations up and whether plugging in numbers will work well on a problem like this. I originally picked B, but was not sure whether C was the correct answer. Turns up the correct answer is A.

[RonPurewal]

please search the forum, sir. also check your answer, since it's wrong; the correct answer is (d) because the two statements are saying exactly the same thing.

link:
in-1999-company-x-s-gross-profit-is-what-percent-of-t867.html