Using the data in Extract A, calculate the change in value of sugar-free sweets sales predicted between 2018 and 2023 - Edexcel - A-Level Business - Question 1 - 2022 - Paper 1

In 2023, the value of the UK sweet market revenue is projected to be £2,734 million. The sugar-free sweets market is forecast to be 5% of total sales revenue. Thus, the value of sugar-free sweets in 2023 is calculated as:

$$ext{Value of Sugar-Free Sweets}_{2023} = 2,734 imes 0.05 = 136.7 ext{ million}$$

To find the change in the value of sugar-free sweets sales from 2018 to 2023, subtract the 2018 value from the 2023 value:

$$ext{Change} = ext{Value of Sugar-Free Sweets}_{2023} - ext{Value of Sugar-Free Sweets}_{2018}$$

Substituting in our earlier calculations:

$$ext{Change} = 136.7 - 71.64 = 65.06 ext{ million}$$

Finally, rounding to 2 decimal places, the change in value of sugar-free sweets sales is £65.06 million.