Question

online retail sales in in a recent year were $300 billion. if sales grow at a rate of 15% in one year, what will be the dollar amount of online retail sales next year?

Answer 1

The dollar amount of online retail sales next year will be

$345.000.000.000 dollars

Step-by-step explanation:

To calculate the retail sales according to a given annual percentage growth you must follow these steps:

1. Identify the base figure which is the number that will be multiplied by the annual percentage of growth, in this case: $300 billion.
2. Identify the percentage rate of growth, in this case: 15%
3. Replace in the following formula

Online Sales = Base figure + (Base figure x annual percentage of growth)

Online Sales = 300'.000.000.000+(300'000.000.000 x 15%)

Online Sales = 345'000.000.000