Answer:
The percent of the increase is 40%
Step-by-step explanation:
Given:
The annual income of a car company in 2017= $200,000
The annual income of a car company in 2018= $280,000
To Find:
Increase in the income percentage=?
Solution:
[tex]\text{{Percent increase}} = \frac{\text{{(change in income )}}}{\text{{(previous income)}}}\times 100[/tex]
[tex]\text{{Percent increase}} = \frac{(280000 - 200000)}{200000}\times100[/tex]
[tex]\text{{Percent increase}} = \frac{80000}{200000} \times100[/tex]
[tex]\text{{Percent increase}} =\frac{8}{20}\times100[/tex]
[tex]\text{{Percent increase}} = \frac{2}{5}\times 100[/tex]
[tex]\text{{Percent increase}}= 2\times20[/tex]
Percent increase = 40%
