Question

The chart provided shows the monthly profits of 3 stores. What was the percent increase in Store Y’s profits over the course of the 4 months?

• A. 25%
• B. 33%
• C. 50%
• D. 75%
• E. 100%

Answer 1

The Correct Option is B

Step 1: Identify the profits for Store Y

From the graph:

• Store Y profit in January is 50,000 (thousands of dollars).
• Store Y profit in April is 100,000 (thousands of dollars).

Step 2: Calculate the percent increase

The percent increase is calculated using the formula:

Percent Increase = \[ \frac{{\text{New Value} - \text{Old Value}}}{{\text{Old Value}}} \times 100 \]

Percent Increase = \[ \frac{{100,000 - 50,000}}{{50,000}} \times 100 = \frac{{50,000}}{{50,000}} \times 100 = 100\% \]

Step 3: Conclusion

The percent increase in Store Y’s profits over the course of the 4 months is 100%. Therefore, the correct answer is:

100%