Help me pwease =P

A company made $303 in 2007 in profits. If profits increase 20% from 2006 to 2007, difference between this year's profit and last year's profit is how much?

Question

Help me pwease =P

A company made $303 in 2007 in profits. If profits increase 20% from 2006 to 2007, difference between this year's profit and last year's profit is how much?

undeadknight26 · Answer

303 x .20
303 - 60.6 =?
At least thats what i think.

accessdenied · Answer

2006: x
    |     20% increase (120% overall)
2007: 303

So 120% of x is 303.  Or 1.2 x = 303.  We find x here, and then subtract:  303 - x = difference in profits.