The percentage decrease in profit to the nearest percent is; 23%
This percentage profit decrease can be found from the formula:
% profit decrease = (This year's profit - Last year profit)/Last year profit * 100%
Plugging in the relevant values gives;
%Profit decrease = (1,650,000 - 2,150,000)/2,150,000 * 100%
%Profit decrease = -500,000/2,150,000 * 100%
%Profit decrease = 23%
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