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Carlos & Co. generated revenue of $1,250...

Carlos & Co. generated revenue of $1,250 in 2006. This was 12.5% of its gross revenue. In 2007, the gross revenue grew by $2,500. What is the percentage increase in the revenue in 2007?

A

`12.5%`

B

`20%`

C

`25%`

D

`50%`

Text Solution

Verified by Experts

The correct Answer is:
C
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