Question

A company made 700000 profit last year. It says this was 12percent more than the year before. What was the profit made the year before

Answer 1

784000

Explanation:

Given data

Profit = 700000

Let us begin by finding what 12% of 700000 is

=12/100* 700000

=0.12* 700000

=84000

Hence the profit made last years was

=84000+700000

=784000