Question

In: Accounting

4712.1 4493.7 4718.6 Find out the percentage growth of the revenues of three years

4712.1
4493.7
4718.6

Find out the percentage growth of the revenues of three years

Solutions

Expert Solution

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%

These are all the information and calculations required to solve the above given question.

if there is any clarification required regarding the above provided answer, please mention them in comment box.

I hope, all the above mentioned information and calculations are useful and helpful to you.

Thank you.


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