The net income for a company was $630,000 last year and $540,000 this year. The percentage of increase or decrease was from last year to this year is:
A) 14.29%.
B) 16.67%.
C) 7.14%.
D) 8.33%.

Question

Quizplus · Accepted Answer

The net income decreased from $630,000 to $540,000. The decrease is $630,000 - $540,000 = $90,000. The percentage decrease is ($90,000 / $630,000) * 100% = 14.29%.

The Net Income for a Company Was $630,000 Last Year