Car Dealership X, the total profit from sales increased by 8 percent over the previous years, while the number of cars sold decreased by 8 percent over the previous years. Approximately what was the average percent increase in profit per car over the previous year.  Answers.
A) 17.39%  B) 20%  C) 22%  D) 23%  E) 25%
Let Profit be x and cars sold be y   Originally Profit/Car = x/y   Now it is 1.08x / 0.92 y = 108/92 (x/y)   Increase in profit per car = ((16/92) (x/y)) / (x/y) * 100 = 17.39%   17.39%nswer = 17.39%
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Car Dealership X, the total profit from sales increased by 8 percent over the previous years, while the number of cars sold decreased by 8 percent over the previous years. Approximately what was the average percent increase in profit per car over the previous year.