If Net income dropped 20% from 2013 to 2014 and net income was $10,000 in 2014, what was net income in 2013?

🎲 Try a Random Question  |  Total Questions in Quiz: 98  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
FBLA Accounting II Test — practice the complete quiz, review flashcards, or try a random question.


If Net income dropped 20% from 2013 to 2014 and net income was $10,000 in 2014, what was net income in 2013?