A company limited by shares made a profit of120,000 yuan last year, and plans to make a profit of 20% more than last year. How much profit do you plan to create this year?

Directly multiply last year's 1200 by this year's plan by 20%.

You will know that the planned profit this year is much less than last year.

1200*20%=240 (ten thousand)

Multiplexing extra profit is 240+ 1200= 1440.

14.4 million is the planned profit this year.