Question

In​ 1999, total revenue of a company from music sales and licensing was ​$14.8 billion. It was forecasted that this number would continue to drop until it reached ​$5.5 billion in 2014. Find this percent decrease in music revenue.

Answer 1

Answer:

62. 84%

Step-by-step explanation:

total revenue of a company from music sales and licensing in 1999 = $14.8 billion

Foretasted  total revenue of a company from music sales and licensing in 2014  = $5.5 billion

decrease in revenue of a company from music sales and licensing in 2014  from 1999 =  $14.8 billion - $5.5 billion = 9.3 billion

Therefore percentage decrease in music revenue =( difference in revenue from 1999 to 2014/   revenue in 1999 ) * 100

 $(9.3 \ billion/14.8 \ billion) * 100\\=> 0.6284 *100 \\=> 62.84 %$

percent decrease in music revenue is 62. 84%.