In 1998 the profits of company N were 10 percent of revenues. In 1999, the revenues of company N fell by 20 percent, but profits were 15 percent of revenues. The profits in 1999 were what percent of the profits in 1998? Answers
A) 80%  B) 105%  C) 120%  D) 124.2%  E) 138%
Let's TEST:   1998   Revenues= $100   Profits = $10   Next we're told that, in 1999, revenue FELL by 20%, but profits were 15% of revenues. Using the numbers from 1998 (above), we end up with...   1999   Revenues = $80   Profits = $12   We're asked to compare the profits in 1999 to the profits in 1998 (as a percentage):   $12/$10 = 1.2   12/ 10= 
<gadget id="calculator">  12/ 10</gadget>
<output>6/5 = around 1.2</output>
1.2= 120%   ANSWER:120%
<result>C</result>
In 1998 the profits of company N were 10 percent of revenues. In 1999, the revenues of company N fell by 20 percent, but profits were 15 percent of revenues. The profits in 1999 were what percent of the profits in 1998?