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A business made [tex]\(\#7,500\)[/tex] profit in 2015 and [tex]\(\#9,300\)[/tex] in 2016. What is the percentage increase?

Sagot :

GinnyAnswer
Certainly! Let's solve the problem step by step.

1. Identify the profits for each year:
- Profit in 2015: \#7,500
- Profit in 2016: \#9,300

2. Calculate the difference in profit between 2015 and 2016:
- Difference in profit = Profit in 2016 - Profit in 2015
- Difference in profit = \#9,300 - \#7,500
- Difference in profit = \#1,800

3. Calculate the percentage increase:
- Percentage increase is calculated by dividing the difference in profit by the original year's profit (2015) and then multiplying by 100 to get the percentage.
- Percentage increase = (Difference in profit / Profit in 2015) 100
- Percentage increase = (\#1,800 / \#7,500) 100

4. Simplify the percentage calculation:
- Percentage increase = 0.24 * 100
- Percentage increase = 24%

So, the percentage increase in profit from 2015 to 2016 is 24%.
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