Question

3) Last year the Alpha company had profits of $380 million. This year they project to earnprofits of $429,4 million. What is the percen4 increase between the two periods?

Answer 1

Use the next formula to find the percent of increrase:

`Percentaje\text{ increrase=100}\cdot(\frac{final-initial}{\text{initial}})`

Initial 380 million

Final 429.4 million

`\text{Percentaje increase=100}\cdot((429.4-380)/(380))=100\cdot((49.4)/(380))=100\cdot0.13=13`

Then, the percentaje of increase is 13%