You sold $2,200 last week in mascara and $3,000 in eyeliner. At the end of this week you sold $1,850 in mascara and $2,600 in eyeliner. What is the total percent growth rate on sales.

Respuesta :

Answer:

-14%

Step-by-step explanation:

2200 + 3000 = 5200

1850 + 2600 = 4450

[tex]\frac{present - past}{past}[/tex] × 100

4450 - 5200 = -750

-750/5200 = -0.14

-0.14 × 100 = -14%

The total percent of the growth rate is -14.4%, which represents loss and shrinking of the sales.

What is Growth Rate?

Growth rate is the rate at which anything has increased from the past.

It is determined by using the formula,

% Growth = ( Present Data -  Past Data) / Past Data

The money earned while selling mascara last week is $2,200

The money earned while selling eyeliner last week is $3000

The money earned while selling eyeliner this week is $2600

The money earned while selling mascara this week is $1850

The total sales for last week is,

= $2200 + $ 3000

= $ 5200

The total sales for this week is,

= $2600 + $1850

= $4450

The % growth rate is given by,

% Growth = ( 4450 -5200) *100 / 5200

% Growth = -750*100 /5200

% Growth = -14.4 %

(-) sign indicates the shrinking.

The total percent of the growth rate is -14.4%.

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