A company reported the following amounts of net income: $$\begin{array} { | l | l | }
\hline \text { Year 1 } & \$ 18,000 \
\hline \text { Year 2 } & \$ 27,000 \
\hline \text { Year 3 } & \$ 32,400 \
\hline
\end{array}$$
- Which of the following is the percentage change from Year 1 to Year 2?
A)120.00%
B)20.00%
C)80.00%
D)50.00%

Question

A company reported the following amounts of net income: $$\begin{array} { | l | l | } 
\hline \text { Year 1 } & \$ 18,000 \
\hline \text { Year 2 } & \$ 27,000 \
\hline \text { Year 3 } & \$ 32,400 \
\hline
\end{array}$$
- Which of the following is the percentage change from Year 1 to Year 2?
A)120.00%
B)20.00%
C)80.00%
D)50.00%

Quizplus · Accepted Answer

The percentage change from Year 1 to Year 2 is calculated as $(\frac{27,000 - 18,000}{18,000}) \times 100 = 50.00\%$.

A Company Reported the Following Amounts of Net Income - Which of the Following Is the Percentage Change from