A small business's profits in 2011 were $120,000. If there was a 25% increase in 2012, what were the profits in 2012.
2 answers:
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Answer:
13. 5 minutes
Step-by-step explanation:
This is a simple proportion problem. Make two fractions where one item is always on the top and the other on the bottom.
Now, cross multiply (multiply the two numbers diagonal from each other and divide the diagonal with the x value)
576 x 3 = 1, 728
1, 728 / 128 = 13.5
