The profits in your consulting business increase by 7% one year and decrease by 4% the following year, your profits are up by 4% over two years?

true or false? if false what will be profits received over 2 years


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Most Helpful Guy

  • False nearer 3% because
    Year 1 Profit 100
    Year 2 Up 7% (100/100 x 7 = 7)
    100 + 7 = 107
    Year 3 Down 4% (107/100 x 4 = 4.29)
    100 - 4.29 = 102.71

    Comparison 100 to 102.71 = + 2.71%

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What Guys Said 2

  • I say false because wouldn't it be 3 percent instead.

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  • well id say 5 because seven plus three divided by two is five.

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