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What percentage decrease in profits from given years

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Reference no: EM131566556

Question: (a) A firm's profit increased from 1990 to 1991 by 20%, but it decreased by 17% from 1991 to 1992. Which of the years 1990 and 1992 had the higher profit?

(b) What percentage decrease in profits from 1991 to 1992 would imply that profits were equal in 1990 and 1992?

Reference no: EM131566556

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