A company had income of $136,000 in 2019 and $210,000 in 2020. The increase in net income from 2019 to 2020 is:

Question

Quizplus · Accepted Answer

To find the increase in net income, we first need to find the difference between the two incomes:
2020 income - 2019 income = $210,000 - $136,000 = $74,000

Next, we need to find the percentage increase by dividing the difference by the initial income and multiplying by 100:
($74,000 / $136,000) x 100 = 54.4 percent

Therefore, the answer is D) 54.4 percent.

A Company Had Income of $136,000 in 2019 and $210,000