If the dollar amount of sales at store P was $800000 for 2006, what was the dollar amount of sales at that store for 2008? A) $727,200 B) $792,000 C) $800,000 D) $880,000 E) $968,000
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If the dollar amount of sales at store P was $800000 for 2006, what was the dollar amount of sales at that store for 2008? A) $727,200 B) $792,000 C) $800,000 D) $880,000 E) $968,000
For store P,
2006 to 2007 = 10% change
2007 to 2008 = -10% change
to know about the change from 2006 to 2008
(1+0.1)*(1-0.1) = 1.1*0.9 = 0.99
0.99*800,000= $792,000
Answer: $792,000 (B)