This business/management problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.
Answer the question of tourism
Business/Management
ScanSolve AI Answer
Answer
1500 million dollars
Step 1: Percentage increase in tourism revenue from 2020 to 2021.
Formula:
Substitute revenue million dollars, revenue million dollars:
25%
Step 2: Total tourism revenue from 2020 to 2022.
Formula:
Substitute revenue million dollars, revenue million dollars, revenue million dollars:
million dollars
4500 million dollars
Step 3: Average annual tourism revenue from 2020 to 2022.
Formula:
Substitute total revenue = 4500 million dollars:
million dollars
1500 million dollars
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ScanSolve AI Answer
Step 1: Percentage increase in tourism revenue from 2020 to 2021. Formula: Percentage increase = revenue_2021 - revenue_2020revenue_2020 × 100\% Substitute revenue_2020 = 1200 million dollars, revenue_2021 = 1500 million dollars: (1500 - 1200)/(1200) × 100\% = (300)/(1200) × 100\% = 0.25 × 100\% = 25\% 25% Step 2: Total tourism revenue from 2020 to 2022. Formula: Total revenue = revenue_2020 + revenue_2021 + revenue_2022 Substitute revenue_2020 = 1200 million dollars, revenue_2021 = 1500 million dollars, revenue_2022 = 1800 million dollars: 1200 + 1500 + 1800 = 4500 million dollars 4500 million dollars Step 3: Average annual tourism revenue from 2020 to 2022. Formula: Average revenue = total revenue3 Substitute total revenue = 4500 million dollars: (4500)/(3) = 1500 million dollars 1500 million dollars