A certain company reported that the revenue on sales increased 30 % from 2000 to 2003, and increased...

A certain company reported that the revenue on sales increased 30 % from 2000 to 2003, and increased 80 % from 2000 to 2005. What was the approximate percent increase in revenue for this store from 2003 to 2005?

Quiz

Answer/Solution

38 %

Steps/Work

Assume the revenue in 2000 to be 100. Then in 2003 it would be 130 and and in 2005 180, so from 2003 to 2005 it increased by (180-130)/130=50/130=~38%.
Answer: D