A store manager predicts that monthly sales will total $26,000. At the end of the month, the
total sales are calculated to be $29,000. What was the percent of error, rounded to the neares
whole percent?

5%
10%
12%
42%

Could someone show me how to solve? :) Thank you.

Respuesta :

The question is an illustration of percentage error

The percent of error is 10%

How to determine the percentage error

The given parameters are:

Prediction = $26000

Actual = $29000

The percent of error is then calculated as:

[tex]Error = \frac{Actual - Prediction}{Actual}[/tex]

So, we have:

[tex]Error = \frac{29000- 26000}{29000}[/tex]

[tex]Error = \frac{3000}{29000}[/tex]

Evaluate the quotient

[tex]Error = 0.1[/tex]

Express as percentage

[tex]Error = 10\%[/tex]

Hence, the percent of error is 10%

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