Question

1
The profits of a firm were 72,000 in the year 2014. During the next year,
it increased by 7% and it decreased by 5% in the following year. What are the
profits of the firm after two years?​

Answer 1

Step-by-step explanation:

The profits of a firm were 72,000 in the year 2014. During the next year,

it increased by 7% and it decreased by 5% in the following year. What are the

profits of the firm after two years?

Answer 2

Step-by-step explanation:

Profit of the firm in 2014=72000

Profit increased next year =7%=72000*7%=5040

=72000+5040=77040

Profit increased next year = 5%

Profit in the next year = 77040×5%+77040=80892