Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Gifts R Us is a gift shop in Victoria, British Columbia. Last year, 22% of its revenue came from clothing sales, 15% came from food

Gifts R Us is a gift shop in Victoria, British Columbia. Last year, 22% of its revenue came from clothing sales, 15% came from food items, 32% came from novelty items and the rest came from magazines and books. During the past year the business experienced a 5% increase in clothing sales, a 2% increase in food items, a 9% drop in novelty items and a 2% drop in magazine and book sales. The average percent change in revenue during the past year was _____%. Don't forget to include the negative (-) sign if the per cent change was negative.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Modeling

Authors: Simon Benninga

3rd Edition

0262026287, 9780262026284

More Books

Students also viewed these Accounting questions

Question

Write a program to check an input year is leap or not.

Answered: 1 week ago

Question

Write short notes on departmentation.

Answered: 1 week ago

Question

What are the factors affecting organisation structure?

Answered: 1 week ago

Question

What are the features of Management?

Answered: 1 week ago

Question

Briefly explain the advantages of 'Management by Objectives'

Answered: 1 week ago