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A mixed graph shows the profit margins of three companies (A, B, C) over two yea

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Question: A mixed graph shows the profit margins of three companies (A, B, C) over two years. If Company A had a profit margin of 15% in Year 1 and 20% in Year 2, what was the increase in profit margin?

Options:

  1. 5%
  2. 10%
  3. 15%
  4. 20%

Correct Answer: 5%

Solution: 

The increase in profit margin for Company A is 5%.

A mixed graph shows the profit margins of three companies (A, B, C) over two yea

Practice Questions

Q1
A mixed graph shows the profit margins of three companies (A, B, C) over two years. If Company A had a profit margin of 15% in Year 1 and 20% in Year 2, what was the increase in profit margin?
  1. 5%
  2. 10%
  3. 15%
  4. 20%

Questions & Step-by-Step Solutions

A mixed graph shows the profit margins of three companies (A, B, C) over two years. If Company A had a profit margin of 15% in Year 1 and 20% in Year 2, what was the increase in profit margin?
  • Step 1: Identify the profit margin for Company A in Year 1, which is 15%.
  • Step 2: Identify the profit margin for Company A in Year 2, which is 20%.
  • Step 3: Calculate the increase in profit margin by subtracting the Year 1 profit margin from the Year 2 profit margin: 20% - 15%.
  • Step 4: The result of the subtraction is 5%, which is the increase in profit margin.
  • Percentage Increase – Understanding how to calculate the increase in percentage from one year to another.
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