Last year company made a net profit of $20,000 on sales of $1 million this year they made a net profit of $40,000 on sales of $1 million when talking to the shareholders they claim that their profit increase by 100% and asked for a bonus for doing so well when talking to the union about a possible wage raise they claim that their profit only increased by 2% which hasn't even kept up with inflation how did they determine these figures? Which one do you think is correct?

Question

Mathematics

Giovanny Vincent

19 March, 18:28

Last year company made a net profit of $20,000 on sales of $1 million this year they made a net profit of $40,000 on sales of $1 million when talking to the shareholders they claim that their profit increase by 100% and asked for a bonus for doing so well when talking to the union about a possible wage raise they claim that their profit only increased by 2% which hasn't even kept up with inflation how did they determine these figures? Which one do you think is correct?

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Vance Spencer · Answer 1

So the profit do go up %100 as it was $20,000 now its $40,000. Saying it increased by %2 is just wrong, because they're thinking the wrong way and not as a profit so the first one is correct $20k to $40k is %100 more in profit.