A table shows the expenses of a company in three categories (Rent, Salaries, Uti

What’s inside this PDF?

Question: A table shows the expenses of a company in three categories (Rent, Salaries, Utilities) for two years. If the total expenses for Year 1 were $200,000 and Year 2 were $250,000, what is the percentage increase in total expenses?

Options:

20%
25%
30%
15%

Correct Answer: 25%

Solution:

The percentage increase in total expenses from Year 1 to Year 2 is 25%.

Practice Questions

Q1

A table shows the expenses of a company in three categories (Rent, Salaries, Utilities) for two years. If the total expenses for Year 1 were $200,000 and Year 2 were $250,000, what is the percentage increase in total expenses?

20%
25%
30%
15%

Questions & Step-by-Step Solutions

A table shows the expenses of a company in three categories (Rent, Salaries, Utilities) for two years. If the total expenses for Year 1 were $200,000 and Year 2 were $250,000, what is the percentage increase in total expenses?

Step 1: Identify the total expenses for Year 1, which is $200,000.
Step 2: Identify the total expenses for Year 2, which is $250,000.
Step 3: Calculate the difference in expenses between Year 2 and Year 1 by subtracting Year 1 from Year 2: $250,000 - $200,000 = $50,000.
Step 4: To find the percentage increase, divide the difference by the Year 1 expenses: $50,000 / $200,000.
Step 5: Calculate the result of the division: $50,000 / $200,000 = 0.25.
Step 6: Convert the decimal to a percentage by multiplying by 100: 0.25 * 100 = 25%.

Percentage Increase – The calculation of the percentage change between two values, which is determined by the formula: ((New Value - Old Value) / Old Value) * 100.

A table shows the expenses of a company in three categories (Rent, Salaries, Uti

What’s inside this PDF?

A table shows the expenses of a company in three categories (Rent, Salaries, Uti

Practice Questions

Questions & Step-by-Step Solutions

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