I've encountered a sentence on English Wiktionary:
The company's 2005 revenue exceeds that of 2004
Can I use one instead of that in the sentence? And that one? And, basically, what is the difference between them from the viewpoint of style?
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In The company's 2005 revenue exceeds that of 2004, that is a demonstrative pronoun with 'that of 2004' standing for 'The company's 2004 revenue'.
In My new jacket is better than that one I bought three years ago, that is a determiner, 'singling out' (ie pointing to) the [rest of the] noun clause/group. It is no longer 'stand-alone'.
Using 'that one' doesn't sound right in your example, as the company's yearly revenue is such a unique and well known concept. You could use the construction idiomatically in other circumstances:
This nail extractor is much better than that [stupid] [old] one of John's.