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The chart above shows the monthly sales (in $1000s) for three product categories — Electronics, Clothing, and Furniture — across twelve months of the year.
From each drop-down menu, select the option that creates the most accurate statement based on the information provided.
Between January and December, the product category that experienced the highest overall growth in sales was with an increase of
The chart above shows the monthly sales (in $1000s) for three product categories — Electronics, Clothing, and Furniture — across twelve months of the year.
From each drop-down menu, select the option that creates the most accurate statement based on the information provided.
Between January and December, the product category that experienced the highest overall growth in sales was with an increase of
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We are asked to determine which product category experienced the highest overall growth in sales between January and December. Since the growth is measured in dollars, we are interested in the absolute increase, not the percentage change.
Among the three product categories, Electronics had the highest absolute growth in sales, with a change of $180,000 (December) – $120,000 (January) = $60,000.
Good to note that the wording is crucial. During my first go around, I interpreted as highest overall growth and thought of percentage instead of pure numerical increase.
What in the question gives away that its talking about absolute increase in number and not percentage increase? I thought 'highest overall GROWTH' would mean percentage increase? if it was asking for absolute increase in number it would ask highest increase in sales rather than growth right?
What in the question gives away that its talking about absolute increase in number and not percentage increase? I thought 'highest overall GROWTH' would mean percentage increase? if it was asking for absolute increase in number it would ask highest increase in sales rather than growth right?
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Do you see anywhere in the question that it mentions percentage change? For example, it does not ask “by how many percent did sales increase.” The question only says “growth in sales,” and since the chart is in dollars, that means the growth is the absolute increase in sales dollars, not percentage.