posted
I'm not a business person but I don't think thats how growth is usually given. Don't people usually say that the market has grown by $X.xx amount and in this time y new business opened?
Directly though: 7*x = 15 => 15/7*100 = growth. Evaluation is left as an exercise for the student (mostly because sevenths are ugly.)
Posts: 1621 | Registered: Oct 2001
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posted
HE, you need to subtract a one in there - then it works out the same as my formula.
You're calculation gives the percentage of the original that the new value is, not the percentage of growth.
FOr example, something that grows from 2 to 3 had 50% growth, not 150%. Something that doubles in size has 100% growth, not 200%.
Posts: 26071 | Registered: Oct 2003
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quote: If I was to say that a market had grown from 7 businesses to 15 in a certain period of time, what percentage growth does that show?
You know, more importantly, that whole question really makes one wonder what you are majoring in. It's obviously not math related, and it can't be English related. What does that leave? Are you there on a sports scholarship? Statements contrary to fact, always use opposite verb form. If I were to say that. . .
[edit to say, you know I'm just messing with you, right? ]
"This business has more than doubled within the last six months! Why, within another year, who knows how big this can be. That's why you need to get in on the ground floor right now.
How many shares of stock would you like sir?"
Posts: 11895 | Registered: Apr 2002
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