Concept explainers
To find: The restaurant which had the greater percent of change in the second quarter.
Answer to Problem 32PPS
Restaurant B had the greater percent of change in the second quarter.
Explanation of Solution
Given:
The first and second quarter earnings of two restaurants are given in the table
Quarter | A | B |
1 | $ 17,821 | $ 8112 |
2 | $ 18,331 | $ 9920 |
Calculation:
Earning of restaurant A in first quarter
Earning of restaurant A in second quarter
Then, percent of change of earning of restaurant A in second quarter
Rounding to the nearest hundredth
Earning of restaurant B in first quarter
Earning of restaurant B in second quarter
Then, percent of change of earning of restaurant B in second quarter
Rounding to the nearest hundredth
Thus, percent of change of earning of restaurant A in second quarter is
Clearly, restaurant B has greater percent of change than restaurant A.
Conclusion:
Restaurant B had the greater percent of change in the second quarter.
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