What was the sales growth rate for Product C from Q2 to Q3?

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Question: What was the sales growth rate for Product C from Q2 to Q3?

Options:

Correct Answer: 25%

Solution:

Sales for Product C grew from $2000 in Q2 to $2500 in Q3, a growth rate of 25%.

What was the sales growth rate for Product C from Q2 to Q3?

What was the sales growth rate for Product C from Q2 to Q3?

Step 1: Identify the sales amount for Product C in Q2, which is $2000.
Step 2: Identify the sales amount for Product C in Q3, which is $2500.
Step 3: Calculate the difference in sales between Q3 and Q2 by subtracting Q2 sales from Q3 sales: $2500 - $2000 = $500.
Step 4: Calculate the growth rate by dividing the difference by the Q2 sales: $500 / $2000 = 0.25.
Step 5: Convert the growth rate to a percentage by multiplying by 100: 0.25 * 100 = 25%.

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