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Using the data from Extract A, calculate, to 2 decimal places, the difference in percentage growth in 2010 to 2011 and in 2019 to 2020 - Edexcel - A-Level Business - Question 1 - 2019 - Paper 1

Question 1

Using-the-data-from-Extract-A,-calculate,-to-2-decimal-places,-the-difference-in-percentage-growth-in-2010-to-2011-and-in-2019-to-2020-Edexcel-A-Level Business-Question 1-2019-Paper 1.png

Using the data from Extract A, calculate, to 2 decimal places, the difference in percentage growth in 2010 to 2011 and in 2019 to 2020. You are advised to show your ... show full transcript

Worked Solution & Example Answer:Using the data from Extract A, calculate, to 2 decimal places, the difference in percentage growth in 2010 to 2011 and in 2019 to 2020 - Edexcel - A-Level Business - Question 1 - 2019 - Paper 1

Step 1

Market growth from 2019 to 2020

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Answer

To calculate the market growth for subscribers from 2019 to 2020, we use the formula:

$\text{Market Growth} = \frac{\text{Increase in Sales}}{\text{Original Sales}} \times 100$

From Extract A, the number of subscribers in 2019 is 204.5 million and in 2020 is 221.5 million. Therefore, the increase is:

$\text{Increase} = 221.5 - 204.5 = 17 \text{ million}$

Using the formula:

$\text{Market Growth} = \frac{17}{204.5} \times 100 \approx 8.31\%$

Step 2

Difference in growth between 2010-2011 and 2019-2020

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Answer

The growth from 2010 to 2011 is given in the question as 62.34%.

Now we calculate the difference in growth between 2010-2011 and 2019-2020:

$\text{Difference} = 62.34\% - 8.31\% = 54.03\%$

Therefore, the difference in percentage growth between 2010 to 2011 and in 2019 to 2020 is approximately 54.03%.

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