What was the percentage profit of the store in 2018?
Show solution
Correct answer: 25
Setting up the store-wide totals
The radar charts give us percentage shares of revenue and cost for each department in each year. To find actual profit percentages, we first need the total revenue and total cost for each year.
Step 1 — Anchor 2016.
Let the store's total cost in 2016 be . The percentage profit in 2016 was , and percentage profit is . So:
Step 2 — Use the doubling clues.
- Revenue doubled from 2016 to 2017: .
- Cost doubled from 2016 to 2018: .
Step 3 — Use the Electronics-in-2017 clue.
"No profit from Electronics in 2017" means Electronics revenue equals Electronics cost in 2017.
| Item | Value |
|---|---|
| Electronics revenue (2017) | |
| Electronics cost (2017) |
Step 4 — Use the Clothing-revenue = Produce-cost (2018) clue.
| Item | Value |
|---|---|
| Clothing revenue (2018) | |
| Produce cost (2018) |
Solved totals:
| Year | Revenue | Cost | Profit | Profit % |
|---|---|---|---|---|
| 2016 | 200 | 100 | 100 | 100% |
| 2017 | 400 | 300 | 100 | 33.3% |
| 2018 | 250 | 200 | 50 | 25% |
Answering the question
For 2018:
Answer: 25