For the last two years BRC Company had net income as follows: $\begin{array} { l }&2012&2013\
\text {net income } &\$160,000&\$200,000\
\end{array}$
What was the percentage change in income from 2012 to 2013?
A) 20% increase
B) 20% decrease
C) 25% increase
D) 25% decrease

Question

For the last two years BRC Company had net income as follows: $\begin{array} { l  }&2012&2013\
 \text {net income } &\$160,000&\$200,000\
\end{array}$
 What was the percentage change in income from 2012 to 2013?
A) 20% increase
B) 20% decrease
C) 25% increase
D) 25% decrease

Quizplus · Accepted Answer

The percentage change in income is calculated as $(\frac{200,000 - 160,000}{160,000}) \times 100 = 25\%$ increase.

For the Last Two Years BRC Company Had Net Income 20122013net income $160,000$200,000\begin{array} { l }&2012&2013\\ \text {net income } &\$160,000&\$200,000\\\end{array}net income ​2012$160,000​2013$200,000​

For the Last Two Years BRC Company Had Net Income $\begin{array} { l }&2012&2013\\ \text {net income } &\$160,000&\$200,000\\\end{array}$