Level:
Project ID:
2010013501
Source Problem:
Accepted:
0
Clonable:
1
Easy:
0
Two years ago, a family business reported gross profit of \(3.5\) million euros. During the pandemic, the company got into trouble so that its last year gross profit fell by \(20\%\) and its gross profit of this year was \(1\) million euros lower than of the last year. What was the average annual decrease in the gross profit reported by the company during the priod under review? Round the result to the tenth of a percent.
\(28.3\%\)
\(27.9\%\)
\(26.7\%\)
\(28.2\%\)