Answer the question of tourism

Business/Management

ScanSolve AI Answer

Answer

1500 million dollars

Step-by-step solution

3 steps
  1. Percentage increase in tourism revenue from 2020 to 2021.

    Formula:

    Percentage increase=revenue2021−revenue2020revenue2020×100%\text{Percentage increase} = \frac{\text{revenue}_{2021} - \text{revenue}_{2020}}{\text{revenue}_{2020}} \times 100\%

    Substitute revenue2020=1200_{2020} = 1200 million dollars, revenue2021=1500_{2021} = 1500 million dollars:

    1500−12001200×100%=3001200×100%=0.25×100%=25%\frac{1500 - 1200}{1200} \times 100\% = \frac{300}{1200} \times 100\% = 0.25 \times 100\% = 25\%

    25%

  2. Total tourism revenue from 2020 to 2022.

    Formula:

    Total revenue=revenue2020+revenue2021+revenue2022\text{Total revenue} = \text{revenue}_{2020} + \text{revenue}_{2021} + \text{revenue}_{2022}

    Substitute revenue2020=1200_{2020} = 1200 million dollars, revenue2021=1500_{2021} = 1500 million dollars, revenue2022=1800_{2022} = 1800 million dollars:
    1200+1500+1800=45001200 + 1500 + 1800 = 4500 million dollars

    4500 million dollars

  3. Average annual tourism revenue from 2020 to 2022.

    Formula:

    Average revenue=total revenue3\text{Average revenue} = \frac{\text{total revenue}}{3}

    Substitute total revenue = 4500 million dollars:
    45003=1500\frac{4500}{3} = 1500 million dollars

    1500 million dollars

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