For the last two years BRC Company had net income as follows: $$\begin{array}{l}
\begin{array} { c | c }
&2012 & 2013 \
\hline \text { Net Income }&\$ 160,000 & \$ 200,000
\end{array}
\end{array}$$ Change 2012 to Year 1 and 2013 to Year 2
What was the percentage change in income from Year 1 to Year 2?
A)20% increase
B)20% decrease
C)25% increase
D)25% decrease
Change 2012 to Year 1 and 2013 to Year 2

Question

For the last two years BRC Company had net income as follows: $$\begin{array}{l}
\begin{array} { c | c } 
&2012 & 2013 \
\hline \text { Net Income }&\$ 160,000 & \$ 200,000
\end{array}
\end{array}$$ Change 2012 to Year 1 and 2013 to Year 2
What was the percentage change in income from Year 1 to Year 2?
A)20% increase
B)20% decrease
C)25% increase
D)25% decrease
Change 2012 to Year 1 and 2013 to Year 2

Quizplus · Accepted Answer

The percentage change in income is calculated as $(\text{Year 2 Income} - \text{Year 1 Income}) / \text{Year 1 Income} \times 100$. This results in $(200,000 - 160,000) / 160,000 \times 100 = 25\%$ increase.

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

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