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The annual stockholders’ report for Corporation X stated that profits were up 10 percent over the previous year,although profits
The annual stockholders’ report for Corporation X stated that profits were up 10 percent over the previous year,although profits
admin
2022-10-18
70
问题
The annual stockholders’ report for Corporation X stated that profits were up 10 percent over the previous year,although profits as a percent of sales were down 10 percent.Total sales for that year were approximately what percent of sales for the previous year?
选项
A、78%
B、90%
C、110%
D、122%
E、190%
答案
D
解析
Let P
1
and S
1
be the profit and sales for the previous year, and let P
2
and S
2
be the profit and sales for the following year. It is given that P
2
=1.1P
1
and P
2
/S
2
= 0.9(P
1
/S
1
). Substituting the first equation into the second equation gives
Therefore, S
2
is approximately 122% of S
1
.
The correct answer is D.
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