Question

A company has the goal of doubling their revenue from 32million dollars to 64 million dollars over the next 2 years. If the company increases its revenue by 50%, percent in the first year, by approximately what percentage must the company increase their revenue in the second year in order to reach their goal?

Answer 1

Answer: the company has to increase its revenue in 33.33%

Explanation:

Let's see the companie's goal is to reach 64 million which is the double of 32 million.

the company increases its revenue by 50% which means that the company  has increased it revenue in 16 millions.

32 million * 50/100 = 16 million

Now the the first year revenue is 32 million plus 16 million = 48 million

64 million - 48 million = 16 million (amount in which the company has to increase its revenue to reach 64 million)

with a simple three  rule

48 million ----- 100%

16 million -------X

X= 1600/48    X= 33.33%

Answer 2

Answer:

33%

Explanation:

The company increased its revenue by 50\%50%50, percent in the first year. So, let's find the revenue of the company after the first year.

1.50\times32=481.50×32=481, point, 50, times, 32, equals, 48 million

Hint #2

To find the percentage increase in revenue from the first year to the second year, subtract the revenues from the first year and the second year, and then divide by the revenue from the first year.

\dfrac{64-48}{48}\approx0.3333\approx33\%  

48

64−48

​  

≈0.3333≈33%start fraction, 64, minus, 48, divided by, 48, end fraction, approximately equals, 0, point, 3333, approximately equals, 33, percent

Hint #3

So the company must increase their revenue by approximatly 33\%33%33, percent in the second year.