A newspaper report says that a company made £700’000 profit last year. It’s says this was 12% more than the year before. How much profit did the company make the year before

The profit that should make a year before should be  £625,000.

Given that

So the profit that should make a year before should be

=  £625,000

Therefore we can conclude that The profit that should make a year before should be  £625,000.

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£625,000

Step-by-step explanation:

Previous year's profit can be calculated as:

700000 / 1.12 = 625000

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step-by-step explanation: