In the past year, XYZ Corporation reported sales of $1.17 x 10^6. The year before, the...

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In the past year, XYZ Corporation reported sales of $1.17 x 10^6. The year before, the...

In the past year, XYZ Corporation reported sales of $1.17 x 10^6. The year before, the company's sales were $9.00 x 10^5. What was the percentage change in sales?

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Answer 1

Answer #1

The sales of XYZ Corporation in 2 consecutive years were $ 9.00* 10⁵ and $ 1.17*10⁶ respectively.

The change in sales is $ 1.17*10⁶ - 9.00* 10⁵ = $ 0.27 *10⁶ or, $ 2.7* 10⁵.

Thus, the percentage increase in the sales of XYZ Corporation is (2.7* 10⁵ /9.00* 10⁵)*100 % = 30 %.

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Answer 2

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