00:01
Hi, so we are given to the fact that the sales on 1995 is equivalent to the sales on 1994 deducted by 80 % of the sales on 1994 because it has decreased by 80%.
00:17
And then we are also given with the fact that the sales on 1996 is equivalent to the sales in 1994.
00:26
Now what do we need to find? we need to find the percent increase from 1996 up to, i mean, this is 1995 up to 1996, and we'll call it our x.
00:44
So how do we solve for this? let us set first the sales on 1994, our baseline.
00:54
This would be 100.
00:58
And this is also equal to 1996 as given by our data so this also equivalent to the sales on 996 now we can solve for the sales on 1995 so the sales in 1995 so the sales in 1995 is equivalent to sales on 1990 for minus 80 percent of sales from 1994 as per hour given and we have the value of our sales on 1994, our baseline, which is 100.
01:33
So we can just solve sales on 1995 is equivalent to 100 minus 80%.
01:41
So to convert it into decimal form, we'll just have to divide it by 100, and we will get 8 .8.
01:49
And then this is multiplied again by the sales on 1984, which is 100.
01:54
So the sales on 1995 is equivalent to 100 minus 0 .80 multiplied by 100...