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## 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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Mathematics
6 months
2021-08-02T21:26:29+00:00
2021-08-02T21:26:29+00:00 1 Answers
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## Answers ( )

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: