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Bogdan [553]
2 years ago
14

A market research agency needs to constantly improve its digital communications to keep up with the competition. In 2017 it spen

t £250 000 on digital communication. In 2018 it spent £525 000. The agency’s percentage increase in spending on digital communications from 2017 to 2018 was approximately equal to:
1) 210% 2) 48% 3) 52% 4) 110%
Business
1 answer:
artcher [175]2 years ago
3 0

Answer:  4) 110%

Explanation:

Percentage increase = (Amount spent in 2018 - Amount spent in 2017) / Amount spent in 2017

= (525,000 - 250,000) / 250,000

= 275,000/250,000

= 110%

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