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For the period 1983 to 1989, IBM’s profit as a percentage of revenue decreased f...
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For the period 1983 to 1989, IBM’s profit as a percentage of revenue decreased from 13.6% to 6%. In 1991 and 1992, the company made a loss. Microsoft and Intel, on the hand, showed significant increases in their profit as a percentage of revenue. Which one of the following equations would IBM have used to calculate the company’s profit or loss?
67%
0%
33%
0%