A firm's profit increased from 2010 to 2011 by 20%, but it decreased by 17% from 2011
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Question:
- A firm's profit increased from 2010 to 2011 by 20%, but it decreased by 17% from 2011 to 2012.
- (a) (5 points) Which of the years 2010 and 2012 had the highest profit?
- (b) (5 points) What percentage decrease in profits from 2011 to 2012 would imply that profits were equal in 2010 and 2012?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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