Mathematics

1 April, 11:19

Last year a company made a net profit of $20,000 on sales of $1,000,000. This year they made a net profit of $40,000 on sales of $1,000,000. When talking to the shareholders, they claimed that their profit increased by 100%, and asked for a bonus for doing so well. When talking to the union about a possible wage raise, they claimed that their profit only increased by 2%, which hasn't even kept up with inflation. How did they determine these figures? Which one do you think is correct?

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