Certainly! Let's solve the problem step by step.
1. Identify the profits for each year:
- Profit in 2015: \#7,500
- Profit in 2016: \#9,300
2. Calculate the difference in profit between 2015 and 2016:
- Difference in profit = Profit in 2016 - Profit in 2015
- Difference in profit = \#9,300 - \#7,500
- Difference in profit = \#1,800
3. Calculate the percentage increase:
- Percentage increase is calculated by dividing the difference in profit by the original year's profit (2015) and then multiplying by 100 to get the percentage.
- Percentage increase = (Difference in profit / Profit in 2015) 100
- Percentage increase = (\#1,800 / \#7,500) 100
4. Simplify the percentage calculation:
- Percentage increase = 0.24 * 100
- Percentage increase = 24%
So, the percentage increase in profit from 2015 to 2016 is 24%.
