Ezekiel manages a clothing store. In May, sales were $129,800. In June, sales were $131,975. What...
Ezekiel manages a clothing store. In May, sales were $129,800. In June, sales were $131,975. What was the rate of change?
Homework Answers
Rate of change = (Current sales / Previous sales - 1) * 100
Given: Current sales = $131975, previous sales = $129800
Putting these values in the above formula, we get,
Rate of change = ($131975 / $129800) - 1) * 100
Rate of change = (1.0167565 -1) * 100
Rate of change = 0.0167565 * 100 = 1.675%
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