cerys04williams cerys04williams
  • 14-01-2021
  • Business
contestada

1.
In 2016, a market had sales of £350.000. In 2017, the market grew by 5%.
Calculate the new market size in sales value.

Respuesta :

scarlettgeorges02
scarlettgeorges02 scarlettgeorges02
  • 14-01-2021

Answer:

The new market size in sales value is 367,500

Explanation:

Answer Link
Samawati
Samawati Samawati
  • 14-01-2021

Answer:

£367,500

Explanation:

the market was £350,000 in 2016.

in 2017, the market grew by 5%.

the new market size will 5% more than 2016.

if 2016 was 100%, 2017 will be 105%

2017 = 105% x £350,000

=105/100 x £350,000

=1.05 x £350,000

=£367,500

Answer Link

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