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Calculate the percentage decrease in sales from 880 units to 540 units and state if the document's claim of a 38.6% decrease is correct.

Business/Management

ScanSolve AI Answer

Step-by-step solution

4 steps

  1. Identify the original and new sales figures.

    Original sales (Jan-June 2023) = 880 units
    New sales (Jan-June 2024) = 540 units

  2. Calculate the absolute decrease in sales.

    Decrease=Original Sales−New Sales\text{Decrease} = \text{Original Sales} - \text{New Sales} Decrease=880−540=340 units\text{Decrease} = 880 - 540 = 340 \text{ units}

  3. Calculate the percentage decrease using the formula

    Percentage Decrease=DecreaseOriginal Sales×100%\text{Percentage Decrease} = \frac{\text{Decrease}}{\text{Original Sales}} \times 100\% Percentage Decrease=340880×100%\text{Percentage Decrease} = \frac{340}{880} \times 100\% Percentage Decrease=0.3863636...×100%\text{Percentage Decrease} = 0.3863636... \times 100\% Percentage Decrease≈38.636%\text{Percentage Decrease} \approx 38.636\%

  4. Round the percentage decrease to one decimal place.

    Percentage Decrease≈38.6%\text{Percentage Decrease} \approx 38.6\%

    The calculated percentage decrease is 38.6%38.6\%, which matches the figure stated in the document.

    The statement in the document is correct.

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