London Limited estimated that its productivity in the year 2013 was 180 packages of cookies per labor hour. In 2014, London estimated its productivity as 145 packages of cookies per labor hour. What is London's productivity growth rate from 2013 to 2014?

Question

Quizplus · Accepted Answer

The productivity growth rate is calculated as ((New Productivity - Old Productivity) / Old Productivity) * 100. So, ((145 - 180) / 180) * 100 = -19.4%.

London Limited Estimated That Its Productivity in the Year 2013