The profit of Mythological Company last year was $100,000. This year's profit decreased by 2.9%. Find this year's profit.

Question

asked Aug 19, 2023 101k views

1 Answer

Micha Schwab · Answer 1 · 2023-08-23T07:19:57+0000

Remember that

100%-2.9%=97.1%=97.1/100=0.971

To find out this year's profit, multiply last year's profit by the factor of 0.971'

so

$100,000*0.971=$97,100