If the stadium made $2,150,000 last year for sports events but only made $1,650,000 this year, what is the percentage decrease i

Question

2 years ago

12

n profit? (round to the nearest percent.)

1 answer:

bazaltina [42] · Answer 1 · 2023-10-03T07:08:40+03:00

The percentage decrease in profit to the nearest percent is; 23%

<h3>How to find the percentage Profit?</h3>

This percentage profit decrease can be found from the formula:

% profit decrease = (This year's profit - Last year profit)/Last year profit * 100%

Plugging in the relevant values gives;

%Profit decrease = (1,650,000 - 2,150,000)/2,150,000 * 100%

%Profit decrease = -500,000/2,150,000 * 100%

%Profit decrease = 23%

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