Cook Corporation had a profit of $ 3,500,000 in 2020. Using 2020 as the base year, profit decreased by 45% in 2021 and increased by 180% in 2022.
Instructions
Calculate the profit reported by Cook Corporation for 2021 and 2022.

Question

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The Answer of Cook Corporation had a profit of $ 3,500,000 in 2020. Using 2020 as the base year, profit decreased by 45% in 2021 and increased by 180% in 2022.
Instructions
Calculate the profit reported by Cook Corporation for 2021 and 2022.

Cook Corporation Had a Profit of $ 3,500,000 in 2020