a net loss of $50,000 in 2009 and net income of $250,000 in 2010. The increase in net income of $300,000
can be stated as 200% increase
cannot be stated as a percentage
can be stated as 0%
can be stated as 100% increase
To determine whether the increase in net income of $300,000 can be stated as a certain percentage, we need to compare it to a base or reference point. In this case, the base or reference point is the net loss of $50,000 in 2009.
To calculate the percentage increase, we need to find the difference between the two amounts and divide it by the base amount. In this case, the difference is $300,000 - $50,000 = $250,000.
Then, we divide the difference by the base amount: $250,000 / $50,000 = 5.
Next, we multiply the result by 100 to express it as a percentage: 5 * 100 = 500%.
Therefore, the increase in net income of $300,000 can be stated as a 500% increase.