Question: From the table, what is the growth rate of sales from Year 1 to Year 2?
Options:
10%
20%
30%
40%
Correct Answer: 30%
Solution:
Sales in Year 1 were $1000 and in Year 2 were $1300. Growth rate = ((1300 - 1000) / 1000) * 100 = 30%.
From the table, what is the growth rate of sales from Year 1 to Year 2?
Practice Questions
Q1
From the table, what is the growth rate of sales from Year 1 to Year 2?
10%
20%
30%
40%
Questions & Step-by-Step Solutions
From the table, what is the growth rate of sales from Year 1 to Year 2?
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 then multiplying by 100 to get a percentage.
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