The table below shows hypothetical data for volumes of e-books and hardcover books sold over a 3-year period in a particular city. TABLE 2-3 Refer to Table 2-3.Between Year 1 and Year 3,what is the percentage change in sales of hardcover books?
A)0.569%
B)56.9%
C)-56.9%
D)-0.569%
E)-569%

Question

The table below shows hypothetical data for volumes of e-books and hardcover books sold over a 3-year period in a particular city.  TABLE 2-3 Refer to Table 2-3.Between Year 1 and Year 3,what is the percentage change in sales of hardcover books?
A)0.569% 
B)56.9% 
C)-56.9% 
D)-0.569% 
E)-569%

Quizplus · Accepted Answer

To calculate the percentage change in sales of hardcover book between Year 1 and Year 3, we use the formula:

Percentage change = ((New Value - Old Value)/Old Value) x 100

Using the values from the table, the percentage change in sales of hardcover books is:

((6000-14000)/14000) x 100 = -56.9%

Therefore, the correct answer is option C.

The Table Below Shows Hypothetical Data for Volumes of E-Books