The percent growth in the earning of the restaurant owner is 27.54%.
The percentage is given as the ratio of the two numbers as the fraction of 100. It is a unit less quantity.
The increase in profit of restaurant is:
Increase in profit = New earning – Old earning
Increase in earning = 33,456 – 26,230
Increase in earning = 7226
The increase in earnings is $ 7,226.
The percent growth in the earning with respect to the old earning is given as:
Percent growth = Increase in profit/ Old earning * 100
Percent growth = 7,226/33,456 * 100
Percent growth = 27.54%
The percent growth in the earning of the restaurant owner is 27.54%.
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