Question

Gross worldwide sales in Mattel's Wheels (Hot Wheels) brand was $885.1 million in 2016 and $847 million in 2017. Calculate the absolute and relative change in millions of worldwide sales from 2016 to 2017.

Answer 1

Explanation:

Absolute Change = final change in 2017 sales - initial change in 2016 sales = $847,000,000 - $885,100,000 = 38,100,000

Relative Change = (Final - Initial change)/initial change x 100% = 38,100,000/885,100,00 x 100% = 381/8851 x 100% = 0.0430459835 x 100% = 4.30%