Amalgamated Corporation's Net Income Was $2,400,000 in 2014 and $800,000

question 114

Multiple Choice

Amalgamated Corporation's net income was $2,400,000 in 2014 and $800,000 in 2015.What percentage increase in net income must Amalgamated achieve in 2016 to offset the decline in profits in 2015?

• A)75%.
• B)300%.
• C)33.33%.
• D)800%.

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