If Product C's sales in Q4 are projected to be 400 units, what is the expected g
Practice Questions
Q1
If Product C's sales in Q4 are projected to be 400 units, what is the expected growth rate from Q3?
20%
25%
30%
15%
Questions & Step-by-Step Solutions
If Product C's sales in Q4 are projected to be 400 units, what is the expected growth rate from Q3?
Step 1: Identify the sales in Q3, which is given as 320 units.
Step 2: Identify the projected sales in Q4, which is given as 400 units.
Step 3: Calculate the difference in sales between Q4 and Q3 by subtracting Q3 sales from Q4 sales: 400 - 320 = 80 units.
Step 4: Calculate the growth rate by dividing the difference by the Q3 sales: 80 / 320.
Step 5: Convert the result into a percentage by multiplying by 100: (80 / 320) * 100 = 25%.
Growth Rate Calculation – The growth rate is calculated by taking the difference between the new value and the old value, dividing by the old value, and multiplying by 100 to get a percentage.
