the profits of firm were 50,000 in the year 2000 during the next year it increased by 7% and decreased by 5% in the following year what are the total profit of the firm after 2 years
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profit of the firm after 2 years will be 50,825
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Answer:
Step-by-step explanation:
first year it increased by 7%=50000*0.07+50000=53500
second year it decreased by 5%=53500-53500*0.05=53500-2675=50825
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