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The value of cash for Hamilton Supplies in 2009 was $47,000 and in 2010 was 58,000....

The value of cash for Hamilton Supplies in 2009 was $47,000 and in 2010 was 58,000. Find the percent increase (or decrease) in cash from 2009 to 2010. 23.4% increase 81.0% increase 81.0% decrease 23.4% decrease.

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Answer #1

Answer: 23.4% increase

Explanation

Percent increase in cash from 2009 to 2010 = ($58,000 - $47,000) / $47,000

= $11,000 / $47,000

= 23.4% increase

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