- Calculator
- Flag
-
The graph above shows the total sales, in millions of dollars, for three companies, A & B & C, in a particular sector for the years 1998 through 2007 inclusive. Assume these companies are the only three companies active in this particular sector. Companies A & B existed since the 1980s, although only data from 1998 is shown. Company C's first year in existence was 2000.
Total sales, by all companies in the sector, increased by approximately what percent from 1998 to 2007?
Title
Three Companies in a Sector
Your Result
Correct
Difficulty
Hard
Your Pace
0:02
Others' Pace
1:47
Video Explanation
Text Explanation
We know these three companies are the only companies in the sector, so the numbers shown on the chart account for all sales in the sector. In 1998, company B was at about 5M, and company A was about 81M, for a total of 86M. In 2007, A was at 20M, B was at 32M, and C was at 120M, for a total of 172M. Approximate as = 2 --- sales in the sector more or less doubled, which is about 100% increase. Answer = (C).
A more precise calculation:
Answer = (C).
Related Lessons
Watch the lessons below for more detailed explanations of the concepts tested in this question. And don't worry, you'll be able to return to this answer from the lesson page.
