Determine the percent change in profit from TY to LY if Last

Determine the percent change in profit from TY to LY if Last Year’s profit was $117,000 and This Year’s profit was $125,000. Be sure to note if it was an increase or decrease (i.e. + 2.06 % or – 2.06%).

Solution

Calculat increase or decrease percent :

so percent increase +6.84%