Question

Angela's company had an income of $398988 last year. This year, the company's income was $430508. To the nearest tenth of a percent, what is the percent increase of the company's income?

Answer 1

What was the AMOUNT of increase in Net Income?

Answer 2

It seems simple but I'm stumped for some reason

Answer 3

You can calculate percent increase using the following expression:

\[now-then \over then\]

Answer 4

It increased 31520

Answer 5

Hmm.. let me try that...

Answer 6

Okay, what percent of 398988 is 31520?

Answer 7

Forgot to include the multiply by 100 to get the percent afterwards.

Answer 8

Argh....-_- How would I figure that out?

Answer 9

What percent of 100 is 25?

Answer 10

um... 25%

Answer 11

Right. How'd you get that?

Answer 12

Common sense..._-_

Answer 13

Haha well what you really did was 25/100*100=25%

Answer 14

So do the same for what @tkhunny said

Answer 15

31520/398988?

Answer 16

Oh my, I forgot to turn it into a percentage, that's why it looked so wrong... I think it's 7.9%, thanks for your help! I have more questions but I think that's all for now, thanks again, both of you

Answer 17

Absolutely right! And no problem

Answer 18

Yeah that's what I meant when I said to multiply by 100 at the end.

Answer 19

:) Thanks, do you want to hear another one?

Answer 20

Or rather, do you have time for another one...

Answer 21

Haha sure just tag me in whatever other questions you post and I'll have a look.

Answer 22

Cool....How do I tag someone?