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EXAMPLE #2 Company YYY has trebled its revenue in five years, doubling its costs. If in the year X-5 it had a gross profit of
EXAMPLE #2 Company YYY has trebled its revenue in five years, doubling its costs. If in the year X-5 it had a gross profit of 234,000, with revenues of 1,360,000, what was its profit in the year X? A. 454,800 B. 3,846,000 C. 1,828,000 D. 1,213,500
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Economics of Strategy
Authors: David Besanko, David Dranove, Mark Shanley, Scott Schaefer
6th edition
978-1118273630, 111827363X, 978-1118319185
