Question

Antonio's Pizza shop earned a profit of $245,000 for this year. Last year they earned a profit of $315,000. What is the percent of decrease in profit? Round to the nearest whole percent.

Answer 1

22%

Explanation:

Answer 2

22%

Explanation:

Given: Profit this year= $245000

Profit last year= $315000

Now, lets find the percentage decrease in profit this year.

Profit percentage=
`\frac{\textrm{difference in profit}}{\textrm{last years profit}} * 100`

Profit percentage=
`(\$ 315000-\$ 245000)/(\$ 315000) * 100`

⇒ Profit percentage=
`(70000)/(315000) * 100`

⇒ Profit percentage=~
`(7000)/(315) =  22.22\%` ≅ 22% (nearest whole percent)

∴ Percent decrease in profit is 22%