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Buford Corporation Had a Profit of $3,500,000 in 2012

Question 91

Essay

Buford Corporation had a profit of $3,500,000 in 2012. Using 2012 as the base year, profit decreased by 45% in 2013 and increased by 180% in 2014.
Instructions
Calculate the profit reported by Buford Corporation for 2013 and 2014.

Correct Answer:

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2013: X ÷ $3,500,000 = 45%
X = $3,500,00...

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