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If a business's revenue increases from $500,000 to $600,000, what is the percent
If a business's revenue increases from $500,000 to $600,000, what is the percentage increase in revenue?
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If a business's revenue increases from $500,000 to $600,000, what is the percentage increase in revenue?
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The increase is $100,000, which is 20% of the original $500,000.
Questions & Step-by-step Solutions
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Q
Q: If a business's revenue increases from $500,000 to $600,000, what is the percentage increase in revenue?
Solution:
The increase is $100,000, which is 20% of the original $500,000.
Steps: 6
Show Steps
Step 1: Identify the original revenue, which is $500,000.
Step 2: Identify the new revenue, which is $600,000.
Step 3: Calculate the increase in revenue by subtracting the original revenue from the new revenue: $600,000 - $500,000 = $100,000.
Step 4: To find the percentage increase, divide the increase by the original revenue: $100,000 ÷ $500,000.
Step 5: Convert the result from Step 4 into a percentage by multiplying by 100: ($100,000 ÷ $500,000) × 100 = 20%.
Step 6: The percentage increase in revenue is 20%.
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