Profit growth

The profit of a company increased by 25% during the year 1992, increased by 40% during the year 1993, decreased by 20% in 1994 and increased by 10% during the year 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 (1.541)=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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