Last year a company made a net profit of $20,000 on sales of $1,000,000. This year they made a net profit of $40,000 on sales of $1,000,000. When talking to the shareholders, they claimed that their profit increased by 100%, and asked for a bonus for doing so well. When talking to the union about a possible wage raise, they claimed 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

Moises Castaneda

2 April, 12:41

+5

Answers (1)

Know the Answer?

Annabella Bartlett · Answer 1

100% is correct to doubling the shareholder of 20,000 to 40,000