Question

Last year the company you work for did $232,000 in business. This year you anticipate an increase of 7%. How much business do you expect to do this year?

Answer 1

100+7=107

107% of 232000=1.07*232000=$248240

Answer 2

$248,240.

Explanation:

We have been given that last year the company you work for did $232,000 in business. This year you anticipate an increase of 7%.

The business for the company would be $232,000 plus 7% of $232,000.

`\text{The expected value of business}=\$232,000+((7)/(100)*\$232,000)`

`\text{The expected value of business}=\$232,000+(0.07*\$232,000)`

`\text{The expected value of business}=\$232,000+\$16,240`

`\text{The expected value of business}=\$248,240`

Therefore, the expected value of business this year is $248,240.