Profit growth

A company's profit increased by 25% during 1992, increased by 40% during 1993, decreased by 20% in 1994, and increased by 10% during 1995. Find the average growth in the profit level over the four years periods.

Correct answer:

p =  11.3987 %

Step-by-step explanation:

q=(1+10025) (1+10040) (110020) (1+10010)=5077=1.54  p1=100 (q1)=100 (50771)=54 %  q2=q1/4=41.541.114  p=100 (q21)=100 (1.1141) %=11.3987%

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Math student
One example about progression in percentage and depressed in percentage

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