Last year sallyrsquos spaniel salon had total revenues of, Financial Management

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Last year sallyrsquos spaniel salon had total revenues of

Last year, Sally’s Spaniel Salon had total revenues of $130,000 and total expenses of $98,000. Next year, revenues are projected to increase by 7%, and expenses are expected to increase by 8%. What will be the (approximate) percent increase in Net Income? (Ignore Taxes).

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