At the end of a year, a company's net income increased 30%. At the end of...
At the end of a year, a company's net income increased 30%. At the end of the second year, the income decreased 25% from the previous year. What was the percentage change for the two years?
A. (2.5%) decrease
B. 2.5% increase
C. (5.0%) decrease
D. 5.0% increase
Homework Answers
| Net Income after Year 1 | 130% | |
| Net Income remaining after Year 2 | 97.50% | =130%*(1-25%) |
| Percentage change for the two years | (2.5%) | =97.5%-100% |
| Option A (2.5%) decrease is correct |
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At the end of a year, a company's net income increased 30%. At
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