A manager's operation had sales this period of $89,775. last period sales were $85,500. So the manager's percentage sales increase for this period when compared to last period was 5% .
The percentage increase is the measure of the percentage change. The percentage increase is defined as the ratio of increased value to the original value and then multiplied by 100. Here the increased value can be calculated by taking the difference between the final value and the initial value. The formula to calculate increase is given by -
Percentage Increase = [(Final value – Original value) × 100] / Original value %
In this case, original value is $85500 and the final value is $89775, then the percentage increase is:
Percentage Increase = [(89775-85500) ×100]/85500
= 427500/85500
= 5%
So, the percentage increase will be 5% .
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Answer:
Option (b) is correct.
Explanation:
In a market condition of pure competition, there are large number of buyers and sellers of the product. The sellers in this market condition are behaving like a price taker.
If a single firm wants to increase the price of the product then as a result the demand for their product is reduced or become zero.
There are some characterstics of the firms under pure competition market condition:
(i) They are selling homogeneous products.
(ii) Price taker firms
(iii) Large no. of buyers and sellers
Yeah for sure i guess ...
Answer:
D)
Explanation:
i think its right.. but i may be wrong.. i tried either way.
Answer:
The answer is D. Deflating nominal income for inflation.
Explanation:
Real income is how much money an individual or entity makes after accounting for inflation. it is the income of an individual or a nation after adjusting inflation. It is calculated by dividing nominal income by the price level.
Hence we can say real income is determined by Deflating nominal income for inflation
