Sturgeon and Hak Limited (S&H) Runs a Chain of Restaurants

Multiple Choice

Sturgeon and Hak Limited (S&H) runs a chain of restaurants.Revenue for 20X4 was £10 804 000, and the company's net profit margin was 17.2%.S&H is in fierce competition with a similar chain of restaurants, Carver and Bell Limited (C&H) .S&H's managing director has heard from a contact that C&H's net profit margin for 20X4 was 20.3%.What percentage increase (to one decimal place) would be required in S&H's revenue in order to achieve the same net profit margin as C&H, assuming that their cost figures remain exactly the same?

A) 3.1%
B) 18.0%
C) 3.9%
D) 25.4%