GMAT Focus Edition Test

What was the total revenue for a company last year?

The company's total costs were $500,000. The company's gross profit was 25% of its total costs. The company's total revenue was 20% greater than its total costs. The company's gross profit was $150,000, and its total costs were 75% of its total revenue.

Correct Answer:

The company's gross profit was $150,000, and its total costs were 75% of its total revenue.

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