Question

Footware manufacturing is projected to decrease output by 8.4% from 2006 to 2016. If footware manufacturing had 1.8 billion dollars of output in 2006, approximately how much output is expected in 2016

Answer 1

Since the manufacturing company is expected to have a lower output by 8.4%, the output in 2016 will only be 91.6%. Given also that their output in 2006 is 1.8 billion dollars, we multiply this value by the decimal equivalent of 91.6% to determine the answer. That is,
                          projected output in 2016 = ($1.8 B) x (0.916)
                                                                 = $1.6488 B
Thus, the expected output in 2016 is approximately $1.6488 B.