Net income was $48,000 in 2015 and $60,000 in 2016. The percentage increase or decrease in net income from 2015 to 2016 was: (Round your final answer to two decimal places, X.XX%.)
A)+25.00%.
B)+125.00%.
C)-20.00%.
D)-25.00%.

Question

Quizplus · Accepted Answer

The increase in net income from 2015 to 2016 is calculated as ($60,000 - $48,000) / $48,000 = $12,000 / $48,000 = 0.25, which is a 25.00% increase.

Net Income Was $48,000 in 2015 and $60,000 in 2016