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23 September, 19:23

A newspaper report says that a company made £700'000 profit last year. It's says this was 12% more than the year before. How much profit did the company make the year before

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  1. 23 September, 22:19
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    Answer: £625,000

    Step-by-step explanation:

    Previous year's profit can be calculated as:

    700000 / 1.12 = 625000
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