Question

Footwear manufacturing is projected to decrease output by 5% from 2009 to 2019. If footwear manufacturing had 1.5 million dollars of output in 2009, approximately how much output is expected in 2019?

Answer 1

Output 2019 = 1.425 million dollar

Explanation:

Given:

Output 2009 = 1.5 million dollar

Projected decrease output = 5%

Find:

Output 2019

Computation:

Output 2019 = Output 2009[100% - Projected decrease output]

Output 2019 = 1.5 [100% - 5%]

Output 2019 = 1.425 million dollar