If a company has sales of $130 in 2023 and $182 in 2022, the percentage decrease in sales from 2022 to 2023 is 40%.

Name: If a company has sales of $130 in 2023 and $182 in 2022, the percentage decrease in sales from 2022 to 2023 is 40%.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

To find the percentage decrease, we need to use the formula: 
Percentage decrease = ((2022 sales - 2023 sales) / 2022 sales) x 100%
= ((182 - 130) / 182) x 100%
= (52 / 182) x 100%
= 28.57%
Therefore, the statement is false as the percentage decrease is not 40%.

If a Company Has Sales of $130 in 2023 and $182