Question

19. If GP ratio for 1993 is 27%, 1994 is
30% and 1995 is 24%, what
assumption will be made for GP ratio
for the year 1996? *
*
please explain and answer me​

Answer 1

Answer:

Fractions, Decimal fractions, Profit & Loss, Discounts and Simple & Compound interest in the GMAT quant section. Concepts tested include questions equating percentage of a quantity to its value, percentage increase in value, percentage decrease in value, questions with data only in terms of percentage, computing cost price, selling price, percentage profit, percentage discount and profit or loss made, computing simple interest, compound interest, finding amount at the end of a period and computing amount invested at the beginning of a period.