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How to determine year to year percentage annual growth in total net sales?
Wiki User
∙ 9y ago
Suppose the total net sales in year 0 were S0 (in some currency units).
Also, y years later, total net sales were Sy.
Then percentage increase in sales over the y-year period = 100*(Sy/S0 -1)
So the average year-to-year percentage growth = 100*[(Sy/S0)1/y - 1].
Note that (Sy/S0)1/y is the yth root of the ratio of sales.
If y = 1, then the percentage growth is 100*(Y1/Y0 - 1)
Wiki User
∙ 9y ago
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