2025 CGS PRELIMS P1 Q7

In 2023, the revenue of a company was 12% more than in 2022. In 2024, it was 30% less than in 2023.

1. Given that \(p\) represents the revenue of the company in 2022, express the revenue in 2023 in terms of \(p\).[1]
2. Ben said that in 2024, the revenue of the company was 33.6% less than in 2022. Do you agree? You must show your calculations.[2]