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Thread: Chart/ Percent Change Help

  1. #1
    New Member
    Join Date
    Apr 2012
    Posts
    9

    Chart/ Percent Change Help

    Chart/ Percent Change Help

    PERCENT CHANGE IN MONTHLY* VALUE OF INVENTORY
    AT SIX BUSINESSES FROM APRIL TO JUNE

    Business
    Percent Change
    from April to May
    Percent Change
    from May to June
    G +6 +8
    K +5
    M +2 +12
    R +8
    V +14 0
    Z +2









    *Inventory values are determined at the end of each month.


    For which of the six businesses shown was the percent change in value of inventory from April to June greatest?


    1. G
    2. K
    3. M
    4. R
    5. V



    I know the answer is A, but I'm not sure how they got it. I keep getting C for my answer.

    I know that you can eliminate answer choices B, D, and E because the have a decrease. But I am getting a 12% change for Business M and a 8% change for Business G. Showing that Choice C would be the answer and it is not. Please explain

  2. #2
    Elite Member
    Join Date
    Feb 2004
    Location
    Ottawa, Ontario
    Posts
    12,173
    G: 1.06 * 1.08 = 1.1448 or 14.48%

    M: 1.02 * 1.12 = 1.1424 or 14.24%

    If G had been 7% for both months: 1.07 * 1.07 = 1.1449 or 14.49%;
    what does that remind you of thinking of squares and rectangles?
    I'm just an imagination of your figment !

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