Answered

Westonci.ca is the ultimate Q&A platform, offering detailed and reliable answers from a knowledgeable community. Join our Q&A platform to get precise answers from experts in diverse fields and enhance your understanding. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

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%.
We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.