A certain company’s profit in 1996 was 25 percent greater than its profit in 1995, and its profit ...
A certain company’s profit in 1996 was 25 percent greater than its profit in 1995, and its profit in 1997 was 30 percent greater than its profit in 1996. The company’s profit in 1997 was what percent greater than its profit in 1995?
Answer/Solution
62.5%
Steps/Work
Profit in 1995 - 100
Profit in 1996 - 125
%increae Profit in 1997 in comparison to 1995 = 25 + 125*30%= 62.5
Correct Option : B
Profit in 1996 - 125
%increae Profit in 1997 in comparison to 1995 = 25 + 125*30%= 62.5
Correct Option : B