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Help me with the working for calculating growth for sales am getting something completely different what figures did the emaminer use to get to 0.8%, 1.7 & 3.0
Thankyou in advance
receipts in the second 6 months of the year ended 30 September, 2016 rose from 13,935 to 14,050 and that’s an increase of 0.825% (examiner has rounded to 0.8%)
The answer states “yet in each consequent (subsequent?) six-month period management predicts a significant rise in receipts of between 1·7% and 3·0%.”
The crucial words here are “between 1·7% and 3·0%”
The examiner is giving us a range of percentage increases for each subsequent (consequent????) 6 months period starting from the second half of the accounting year ended 30 September, 2016
Let me list those figures out for you:
14,050 rises to 14,300 … an increase of 1.779% ((14,300 – 14,050) / 14,050)
14,300 rises to 14,700 … an increase of 2.797%
14,700 rises to 14,950 … an increase of 1.701%
14,950 rises to 15,400 … an increase of 3.010%
Each successive 6 month period is showing an increase and the percentage increase lies within the range 1.701% – 3.010% or, in the examiner’s rounded figures, within the range 1.7% – 3.0%
OK?
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