Sales in a company are $188 million in 2009 and increase $208 million in 2010. Compute the percentage increase in sales using theusual formulaCompare this value to the approximationThe approximation performs (1)percentage change increases.100 x(1) O better (2) O deterioratesO worstO improves100 x100 x(Sales 2010 - Sales 2009)Sales 2009100 x [In (Sales2010) -In (Sales2009)](Sales 2010 - Sales2009)Sales 2009100 x [In (Sales 2010) -In (Sales2009)] = [(Express your response as a percentage and round to three places)Now, assume that sales in a company are $188 million in 2009 and increase $264 million in 2010.=(Sales2010 - Sales 2009)Sales 2009%%%100 x [In (Sales 2010) -In (Sales 2009)] = [(Express your response as a percentage and round to three places)%when the change is small. The quality of the approximation (2).as the

The difference between the final and original numbers is what determines the percentage point…

Answered: Sales in a company are $188 million in…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Please....... Solve this with proper. Calculation
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