A firm had retained earnings of $100,000 in 2009 and $125,000 in 2010. The increase in retained earnings from 2009 to 2010 is:
A. 12.5 percent.
B. 20 percent.
C. 25 percent.
D. 125 percent.
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I might be doing my math wrong but isn't it C?
Well math is 100,000 to 125,000 is 25%?
Because fractions: 1/4 to 2/4 is 25%
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Wait I'm looking at that now it's A xD
Sorry about that :/
i wound say 125 percent but not sure 100000/100=1000 then 125000/100=1250
You have it almost right but your forgetting the decimal. The most logical answer is A It can't be 125% because then he would have to go from $0 to $125,000!
the answer is 12.5?
It has to be but if you want to wait for someone to prove it be my guest :) I'm alright with math and I'm thinking that 12.5 has to be the answer.
ok thanks :)
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