Year 2 revenue is $5,000,000 at 32%.

By what percent would you need to increase your division's Year 2 revenue to reach $3 million in Year 3?

x = 5 , 000 , 000 3 , 000 , 000 ​ ⋅ 100% − 32% = 5 3 ​ ⋅ 100% − 32% = 60% − 32% = 28% A n s . Y o u n ee d in cre a se 28%

Answered by kate200468 | 2024-06-10

To reach $3,000,000 in Year 3 revenue, you would actually need to decrease your Year 2 revenue of $5,000,000 by 40%. Since the Year 2 revenue exceeds the Year 3 goal, an increase is not required. The calculation shows a need for a reduction rather than an increase in revenue.
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Answered by kate200468 | 2024-12-23