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25 June, 05:09

online retail sales in in a recent year were $300 billion. if sales grow at a rate of 15% in one year, what will be the dollar amount of online retail sales next year?

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  1. 25 June, 05:25
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    The dollar amount of online retail sales next year will be

    $345.000.000.000 dollars

    Explanation:

    To calculate the retail sales according to a given annual percentage growth you must follow these steps:

    Identify the base figure which is the number that will be multiplied by the annual percentage of growth, in this case: $300 billion. Identify the percentage rate of growth, in this case: 15% Replace in the following formula

    Online Sales = Base figure + (Base figure x annual percentage of growth)

    Online Sales = 300'.000.000.000 + (300'000.000.000 x 15%)

    Online Sales = 345'000.000.000
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