State whether the following statement is true or false, and explain why. If the statement is laise, true change.

If the profits in your consulting business increase by $17\%$ one year and decrease by $7\%$ the following year, your profits are up by $10\%$ over two years.

Choose the correct answer below and fill in the answer box to complete your choice.

True.

False.

What is the change in profits?

$\%($round to a hundredth of a percent$)$