If a company has sales of $130 in 2021 and $182 in 2020 the percentage decrease in sales from 2020 to 2021 is 40%.

Question

Quizplus · Accepted Answer

To find the percentage decrease from 2020 to 2021, we need to use the formula:

Percentage decrease = [(Initial value - Final value) / Initial value] x 100%

Using the given sales figures:

Percentage decrease = [(182 - 130) / 182] x 100%
Percentage decrease = (52 / 182) x 100%
Percentage decrease = 28.57%

Therefore, the statement is false. The percentage decrease in sales from 2020 to 2021 is 28.57%, not 40%.

If a Company Has Sales of $130 in 2021 and $182