A company reported $75,000 of income for 2015,$80,000 for 2016,and $90,000 for 2017.The percentage change in net income from 2015 to 2016 was:

Question

Quizplus · Accepted Answer

The percentage change in net income from 2015 to 2016 is calculated as follows:Percentage change = (Change in net income / Original net income) * 100= (($80,000 - $75,000) / $75,000) * 100= (5,000 / 75,000) * 100= 6.67%Therefore, the percentage change in net income from 2015 to 2016 is 6.67%, which is closest to 6.7%.

A Company Reported $75,000 of Income for 2015,$80,000 for 2016,and