Today mathematics questions and answer on national business a
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3 stepsHere's a mathematics question related to national business and its solution:
Question:
A national business had a revenue of $500,000 in the year 2022. In 2023, its revenue increased to $625,000. Calculate the percentage increase in revenue.
Solution:
Identify the initial and final revenues.
Initial Revenue = $500,000 Final Revenue = $625,000
Calculate the change in revenue.
Change in Revenue = Final Revenue - Initial Revenue
Change in Revenue = 500,000
Change in Revenue = $125,000Calculate the percentage increase.
The formula for percentage increase is:
Percentage Increase = (Change in Revenue / Initial Revenue) × 100%Substitute the values:
Percentage Increase = (500,000) × 100%
Percentage Increase = (125 / 500) × 100%
Percentage Increase = 0.25 × 100%
Percentage Increase = 25%The percentage increase in revenue is 25%.
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