APMENT Entertainments question 99 BPP Revision kit

Come on guys, I am sure someone must have done this question. Please look at the answer and let me know how the examiner worked it out the answer for market growth? Much appreciated.

look it up on the ACCa website on how they solved it. It's much easier

Hi Daisy,

Sure I've done this question. I'll work through the restaurants bit.

The basic calculation is

Current Year/Past Year x 100.

So market growth in restaurants would be (10,860 / 10,752) x 100 = 1.01%
Or 1.0% rounded.

The average is much the same. So take the growth between each year;

%
2000-2001 1.0
2001-2002 1.0
2002-2003 0.0 (Stayed the same but still counts as a growth period)

Average growth is, Total / Number of growth periods

So (1.0 + 1.0 + 0.0) / 3 = 0.67

Hope this helps

Thank you so much Jay. I just realised where I have gone wrong after you have explained the marget growth. I was calculating the market growth for this particular company not for the entire industry. That why I did not get the answers. I was so silly. Thanks for pointing out the calculations. Good luck for the exam

No worries.

Good luck... fingers crossed.

The more questions I do the more I feel that I don't know.