Calculate the percent growth rate using the following formula. Note the percentage change as a positive or negative. Percent Change 100 Present or Future Value Past or Present Value Past or Present Value.
To answer this us the following steps.
15000 divided by 85000 equals 0176. Divide this difference in revenue by the later years revenue. Then divide the result by the net sales of the prior period. C3-B3B3 The brackets around the subtraction part of the formula ensure that calculation occurs first.