If the profits in your consulting business increase by 8% one year and decrease by 2% the following year, your profits are up

Question

3 years ago

6

by 6% over two years.

1 answer:

olchik [2.2K] · Answer 1 · 2022-08-14T09:16:53+03:00

6 0

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:

If the profits in your consulting business increase by 8​% one year and decrease by 2% the following​ year, your profits are up