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What was the sales growth rate for Product C from Q2 to Q3?
Practice Questions
Q1
What was the sales growth rate for Product C from Q2 to Q3?
20%
25%
30%
35%
Questions & Step-by-Step Solutions
What was the sales growth rate for Product C from Q2 to Q3?
Steps
Concepts
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%.
No concepts available.
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