As a disclaimer, I can't say I'm completely confident in this answer. Use at own risk.
Formulas:
Year 1: 328,000 (sales) - 117,000 (expense) = 211,000 (profit)
Year 2: 565,000 (sales) - x (expense) = y (profit)
Net Profit: 211,000 + y = 113,000
Math
211,000 (profit y1) + 565,000 (sales y2) = 776,000
776,000 - 113,000 (net profit) = -663,000 (expenses)
Confirm:
Net Profit: 211,000 + y = 113,000 (listed in formulas, just a reminder)
Plug in: 565,000 (y2 sales) - 663,000 (our solution) = -98,000
211,000 (y1 net) + -98,000 (our plug in) = 113,000 (2 year net profit given to us)
So 2% is 2/100. That would be 0.02.
Only the upper-left statement is NOT true.
Create equations using the given information
1) x+y=56
2) y=x-16
Substitute the value of y into the 1st equation and simplify
1)x+x-16=56
2x=72
x=36
Substitute the value of x into the 1st equation and simplify
1)x+y=56
36+y=56
y=20
Answer: 20 and 36
I believe the answer is A.
