Question

Please help

The annual income of a car company was $200,000 in 2017. In 2018 they registered annual income of $280,000. What was the percent of the increase?

Answer 1

40% (I think). Just chat me if you want an explanation :)

Answer 2

The percent of the increase is 40%

Explanation:

Given:

The annual income of a car company in 2017= $200,000

The annual income of a car company in 2018= $280,000

To Find:

Increase in the income percentage=?

Solution:

`\text{{Percent increase}} = \frac{\text{{(change in income )}}}{\text{{(previous income)}}}* 100`

`\text{{Percent increase}} = ((280000 - 200000))/(200000)*100`

`\text{{Percent increase}} = (80000)/(200000) *100`

`\text{{Percent increase}} =(8)/(20)*100`

`\text{{Percent increase}} = (2)/(5)* 100`

`\text{{Percent increase}}= 2*20`

Percent increase = 40%