SOLUTION:
Step 1:
In this question, we are given the following:
Step 2:
From the table, we can see that:
Gross profit for Q 1 = 85 x 1000= 85,000
Gross profit for Q 2= 94 x 1000 = 94, 000
Hence the increase in Gross profit = 94,000 - 85,000 = 9000
Then,
[tex]\begin{gathered} \text{Percentage change = }\frac{9000}{85000}\text{ x 100} \\ =\frac{900000}{85000} \\ =\text{ 10}.58823529 \\ \approx\text{ 10. 6 \% ( to the nearest tenth )} \end{gathered}[/tex]
CONCLUSION:
The percent change = 10. 6 % ( to the nearest tenth)
