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If Product A's sales increase by 20% in Q3, what will be the new sales figure?

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Question: If Product A\'s sales increase by 20% in Q3, what will be the new sales figure?

Options:

  1. $1200
  2. $1400
  3. $1600
  4. $1800

Correct Answer: $1600

Solution: 

Product A\'s Q3 sales are $1000. A 20% increase results in $1200.

If Product A's sales increase by 20% in Q3, what will be the new sales figure?

Practice Questions

Q1
If Product A's sales increase by 20% in Q3, what will be the new sales figure?
  1. $1200
  2. $1400
  3. $1600
  4. $1800

Questions & Step-by-Step Solutions

If Product A's sales increase by 20% in Q3, what will be the new sales figure?
  • Step 1: Identify the current sales figure for Product A in Q3, which is $1000.
  • Step 2: Calculate 20% of the current sales figure. To do this, multiply $1000 by 0.20 (which is the decimal form of 20%).
  • Step 3: The result of the multiplication is $200. This is the amount of the increase.
  • Step 4: Add the increase ($200) to the original sales figure ($1000).
  • Step 5: The new sales figure is $1000 + $200, which equals $1200.
  • Percentage Increase – Understanding how to calculate a percentage increase on a given value.
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