A company has increased its monthly profit from N12,500 to N17,800. By what percentage did...
MATHEMATICS
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A company has increased its monthly profit from N12,500 to N17,800. By what percentage did their profit increase?.
- A. 29.3%
- B. 36.7%
- C. 42.4%
- D. 53.9%
Correct Answer: C. 42.4%
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Increase in profits:
Old profit = ?12,500.
New profit = ?17,800.
Difference = ?5,300
That is 17,800 - 12,500 = ?5,300.
Now divide the difference from the old profit: #5,300