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Contigent increased its profit percentage to 45 percent in 2010, 50 percent in 2011 and reached 60 percent in the year 2012. As there is a need to understand the income and expenditure for the better performance of both companies in the future, answer the following questions. Q. What is the increase in prof it of Contigent Company in percentage from year 2011 to 2012? a)10% b)20% c)15% d)Cannot be determined. Correct answer A. Can you explain how?
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Contigent increased its profit percentage to 45 percent in 2010, 50 pe...
Calculation of Increase in Profit of Contigent Company from 2011 to 2012:

To calculate the increase in profit percentage from 2011 to 2012, we need to find the difference between the profit percentages of these two years and express it as a percentage of the profit percentage in 2011.

Given:
Profit percentage in 2011 = 50%
Profit percentage in 2012 = 60%

Step 1: Calculate the difference in profit percentages:

Difference = Profit percentage in 2012 - Profit percentage in 2011
= 60% - 50%
= 10%

Step 2: Calculate the percentage increase:

Percentage Increase = (Difference / Profit percentage in 2011) * 100
= (10% / 50%) * 100
= 20%

Therefore, the increase in profit of Contigent Company from 2011 to 2012 is 20%.

Explanation:

The profit percentage of Contigent Company increased from 50% in 2011 to 60% in 2012. To find the percentage increase, we calculate the difference between the profit percentages of these two years and express it as a percentage of the profit percentage in 2011.

In this case, the difference is calculated as 10% (60% - 50%). To express this difference as a percentage of the profit percentage in 2011, we divide the difference by the profit percentage in 2011 (50%) and multiply by 100.

The result is 20%, which indicates that the profit of Contigent Company increased by 20% from 2011 to 2012.

Conclusion:

The increase in profit of Contigent Company from 2011 to 2012 is 20%.
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Two renowned international Sof tware companies , namely Pollaris and Contigent, started their business in the year 2007 and both the companies were in competition with each other in profit making. Pollaris earned 30 percent profit in the year 2007 and 2008, and further increased it to 40 percent in 2009. However, its prof it percentage decreased to 20 percent in the year 2010. On the other hand, Contigent opened with 40 percent prof it in 2007 , but slowly decreased to 35 percent in 2008 and 30 percent in 2009. Interestingly, both the companies increased theirprofit percentage in the later year considerably. Pollaris increased its profit percentage to 35 percent in 2011 and 50 percent in 201 2; simultaneously, Contigent increased its profit percentage to 45 percent in 2010, 50 percent in 2011 and reached 60 percent in the year 2012. As there is a need to understand the income and expenditure for the better performance of both companies in the future, answer the following questions.Q.What is the increase in prof it of Contigent Company in percentage from year 2011 to 2012?

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Contigent increased its profit percentage to 45 percent in 2010, 50 percent in 2011 and reached 60 percent in the year 2012. As there is a need to understand the income and expenditure for the better performance of both companies in the future, answer the following questions. Q. What is the increase in prof it of Contigent Company in percentage from year 2011 to 2012? a)10% b)20% c)15% d)Cannot be determined. Correct answer A. Can you explain how?
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