Mathematics: 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?

the annual income of a car company was $200,000

jenistha123

07.01.2022

Answer:

The percent of the increase is 40%

Step-by-step 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:

$\text{{Percent increase}} = \frac{\text{{(change in income )}}}{\text{{(previous income)}}}\times 100$

$\text{{Percent increase}} = \frac{(280000 - 200000)}{200000}\times100$

$\text{{Percent increase}} = \frac{80000}{200000} \times100$

$\text{{Percent increase}} =\frac{8}{20}\times100$

$\text{{Percent increase}} = \frac{2}{5}\times 100$

$\text{{Percent increase}}= 2\times20$

Percent increase = 40%

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