In: Accounting
Percentage growth of the revenues of 3 years :-
Percentage of growth means increase in revenue of this year compared to the revenue of previous year
Given information in the question :-
Revenue of year 1 = 4712.1
Revevue of year 2 = 4493.7
Revenue of year 3 = 4718.6
Percentage of growth in revenue of year 2 =
= [(4493.7 - 4712.1) ÷ 4712.1] × 100
= [-218.4 ÷ 4712.1] × 100
= -4.6348%
= -4.64% (approximately)
Percentage of growth in revenue of year 3 =
= [(4718.6 - 4493.7) ÷ 4493.7] × 100
= [224.9 ÷ 4493.7] × 100
= 5.00%
Hence,
Percentage of growth in revenue of year 2 = -4.64%
Percentage of growth in revenue of year 3 = 5.00%
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