Question
Download Solution PDFStudy the following Bar-chart and the data provided to answer the questions that follow:
Sales of 3-different companies selling T-Shirts for the years from 2006 to 2009 are given.
How much percentage of sales decreased for Brand X T-shirt in 2009 compared with 2007?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Sales of Brand X in 2007 = 950
Sales of Brand X in 2009 = 800
Formula Used:
Percentage decrease = \(\dfrac{\text{Original Value - New Value}}{\text{Original Value}} \times 100\)
Calculation:
Percentage decrease = \(\dfrac{800 - 950}{950} \times 100\)
⇒ Percentage decrease = \(\dfrac{150}{950} \times 100\)
⇒ Percentage decrease = 15.78%
∴ The percentage of sales decreased for Brand X T-shirt in 2009 compared with 2007 is 15.78%.
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