Using your answer from the questions above, by what percent will the profit change? (Round to the nearest tenth of a percent.)
*word your answer to include "increase" or "decrease." For example, write "25.5% decrease”
What were yur answers to "the questions above"?
To calculate the percentage change in profit, we can use the formula:
Percentage Change = ((New Profit - Old Profit) / Old Profit) * 100
Let's assume the old profit is $10,000 and the new profit is $12,000. Plugging these values into the formula, we get:
Percentage Change = ((12,000 - 10,000) / 10,000) * 100
Percentage Change = (2,000 / 10,000) * 100
Percentage Change = 0.2 * 100
Percentage Change = 20%
Therefore, the profit will increase by 20%.