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If the total revenue in 2012 had been 50% greater, the average revenue
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04 Mar 2021, 02:43
04 Mar 2021, 02:43
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If the total revenue in 2012 had been 50% greater, the average revenue from 2011-2016 would have been approximately how much greater?
$150,000
$200,000
$220,000
$240,000
$280,000
Kudos for the right answer and explanation
If the total revenue in 2012 had been 50% greater, the average revenue
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04 Mar 2021, 06:19
04 Mar 2021, 06:19
1
Sum of all the revenue = 1.1 + 2.4 + 2.6 + 2.7 + 3.8 + 4.4 = 20.0mn
Average = \(\frac{20}{6}\) = 3.33 mn
Total revenue in 2012 = 2.4 mn
If it is 50% higher then it will be 3.6mn (increased by 1.2mn)
after increase new revenue = 20 + 1.2 = 21.2mn
New average = \(\frac{Sum-of-revenue-of-all-year}{no-of-year}\)
= \(\frac{21.2}{6}\) = 3.53 mn
New average is $200,000 higher
Answer B
Average = \(\frac{20}{6}\) = 3.33 mn
Total revenue in 2012 = 2.4 mn
If it is 50% higher then it will be 3.6mn (increased by 1.2mn)
after increase new revenue = 20 + 1.2 = 21.2mn
New average = \(\frac{Sum-of-revenue-of-all-year}{no-of-year}\)
= \(\frac{21.2}{6}\) = 3.53 mn
New average is $200,000 higher
Answer B
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Re: If the total revenue in 2012 had been 50% greater, the average revenue
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04 Mar 2021, 07:47
04 Mar 2021, 07:47
1
Carcass wrote:
If the total revenue in 2012 had been 50% greater, the average revenue from 2011-2016 would have been approximately how much greater?
$150,000
$200,000
$220,000
$240,000
$280,000
Kudos for the right answer and explanation
Revenue in 2012 = $2,400,000
If it was 50% more = (1.5)($2,400,000) = $3,600,000
The difference of $1,200,000 will be divided equally in 6 years = $200,000
Hence, option B
