Question
A school's enrollment of students increased by 10% in
2015, another 20% in 2016, and then decreased by 30% in 2017. If the percentage of students receiving scholarships was 25% in 2015 and increased to 40% in 2017, calculate the percentage change in the number of scholarship students.Solution
ATQ, Let the enrollment in 2015 be 800 students. In 2016, enrollment = 1.10×800=880. In 2017, enrollment = 1.20×880=1056. In 2017, enrollment decreased by 30% = 0.70×1056=739.2. Scholarship students in 2015 = 0.25×800=200. Scholarship students in 2017 = 0.40×739.2=295.68. Percentage change in scholarship students = {(295.68−200)/200}×100% = 47.84%. Therefore, the number of scholarship students increased by 47.84% from 2015 to 2017.
A dishwash liquid manufacturing company comes up with mild formula for lightly soiled utensils, lemon mix formula for medium soiled utensils and lemon a...
When an established potato chips company gives its resellers discounts to encourage them to carry and promote its products, it uses a(n) _____ st...
Makemytrip.com, Housing.com, and Easemytrip.com are all Internet companies that are called "go-betweens." Since the purpose of these websites is to put ...
Using Internet for information search for product information satisfies which requirement?
Sampling is an appropriate strategy for which type of products?
A different market segment usually requires a different marketing action that in turn means greater costs. If increased revenues do not offset extra cos...
Three types of companies populate and compete in the global marketplace: international firms, multinational firms, and _____ firms.
The likely final outcome of poor segmentation is?
Marketing generally plays a small role in which competitive situation?
All of the following are suitable reasons why Target entered Canada except: