If the profits in your consulting business increase by 8​% one year and decrease by 2% the following​ year, your profits are up by ​6% over

Question

If the profits in your consulting business increase by 8​% one year and decrease by 2% the following​ year, your profits are up by ​6% over two years.

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Trúc Chi 6 months 2021-08-02T21:26:29+00:00 1 Answers 35 views 0

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    2021-08-02T21:28:26+00:00

    Answer:

    not true….

    assume $100 start.

    in year 1 you are at $108 (up 8%)

    in year 2  $108(.98) … that is 2% down = 105.84…

    thus your profit is up only 5.84% over the two years

    Step-by-step explanation:

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