A-Level Edexcel Business Decision Making Techniques: Using the data from Extract A, c

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 find the market growth from 2019 to 2020, we can calculate it as follows:

$\text{Market Growth} = \text{Subscribers in 2020} - \text{Subscribers in 2019}$

Subscribers in 2020 = 221.5 million Subscribers in 2019 = 204.5 million

Thus,

$\text{Market Growth} = 221.5 - 204.5 = 17 \text{ million}$

Step 2

Calculate percentage change from 2019 to 2020

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Answer

The percentage change can be calculated using the formula:

$\text{Percentage Change} = \frac{\text{Increase}}{\text{Original Value}} \times 100$

Here, the original value is 204.5 million:

$\text{Percentage Change} = \frac{17}{204.5} \times 100 \approx 8.31\%$

Step 3

Difference in growth between 2010-2011 and 2019-2020

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Answer

We know from the data that the percentage growth from 2010 to 2011 is 62.34%. Thus, the difference in growth can be calculated as:

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

This indicates a significant decline in percentage growth from 2010-2011 to 2019-2020.

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

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

Market growth from 2019 to 2020

Calculate percentage change from 2019 to 2020

Difference in growth between 2010-2011 and 2019-2020

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