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A firms profit increased from 1990 to 1991 by 20 but it

Question: (a) A firm's profit increased from 1990 to 1991 by 20%, but it decreased by 17% from 1991 to 1992. Which of the years 1990 and 1992 had the higher profit?

(b) What percentage decrease in profits from 1991 to 1992 would imply that profits were equal in 1990 and 1992?

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Mathematics: A firms profit increased from 1990 to 1991 by 20 but it

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Mathematics: A firms profit increased from 1990 to 1991 by 20 but it

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