85/11.9 whatever that works out to
Please please thank you lord lord thank you please
Profit will be achieved when the money earned is greater than the money spent so,
336 + (n*12) = n*28 any subsequent units sold would result in profit
336 = 28n - 12n
336 = 16n
=> n = 336/16 = 21
21 units must be sold to draw even any more would result in profit
Year Net Profit
1 <span>$14,250.00
2 $15,390.00
3 $16,621.20
4 $17,950.90</span>2
We need to get the increase of the net profit of the current year from the previous year.
Percentage increase = (Current year - Previous Year)/ Previous Year * 100%
Year 2: (15,390 - 14, 250) / 14,250 * 100% = 0.08 * 100% = 8%
Year 3: (16,621.20 - 15,390) / 15,390 * 100% = 0.08 * 100% = 8%
Year 4: (17,950.90 - 16,621.20) / 16,621.20 * 100% = 0.08 * 100% = 8%
Every year the net income increases by 8%. So, the net income in Year 5 will be:
17,950.90 x 1.08 = 19,386.97 Choice D.
86% written as a fraction is 43/50
