For the last two years BRC Company had net income as follows: $\begin{array}{l|c|c}
& 2012 & 2013 \
\hline \text { Net Income } & \$ 160,000 & \$ 200,000
\end{array}$ 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: $\begin{array}{l|c|c} 
& 2012 & 2013 \
\hline \text { Net Income } & \$ 160,000 & \$ 200,000
\end{array}$ 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 $(\frac{200,000 - 160,000}{160,000}) \times 100 = 25\%$ increase.

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