The profit that should make a year before should be £625,000.
Given that
- The profit made last year should be £700,000.
- And, there is 12% more than the year before.
So the profit that should make a year before should be
[tex]= \frac{700,000}{(1 + 0.12)} \\\\= \frac{700,000}{(1.12)}[/tex]
= £625,000
Therefore we can conclude that The profit that should make a year before should be £625,000.
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