Question

Can someone please explain to me why and how this equates to 7.4%??????

Answer 1

so, you're correct, it is the Food industry, and it went down from 2.7 to 2.5, well, so it really went down 2.7 - 2.5 or 0.2.

well, if we take 2.7 to be the 100% from that row, what is 0.2 off of it in percentage format?

$\bf \begin{array}{ccll} amount&\%\\ \text{\textemdash\textemdash\textemdash}&\text{\textemdash\textemdash\textemdash}\\ 2.7&100\\ 0.2&x \end{array}\implies \cfrac{2.7}{0.2}=\cfrac{100}{x}\implies x=\cfrac{0.2\cdot 100}{2.7}\implies x\approx\stackrel{\%}{7.4}$