A Retailer Attempting to Improve Its Efficiency from 40 to 50

question 15

Multiple Choice

A retailer attempting to improve its efficiency from 40 to 50 percent reduced its operating expense budget from $600,000 to $500,000.However,its new efficiency remained at 40 percent.What happened?

• A) Sales decreased from $1,000,000 to $800,000.
• B) Sales decreased from $1,000,000 to $833,333.
• C) Sales decreased from $1,000,000 to $900,000.
• D) Sales increased from $1,000,000 to $1,200,000.

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Definitions:

Decrease Decimals

The action of reducing the number of digits to the right of the decimal point in a numerical value.

Decimal Places

The number of digits following the decimal point in a number, indicating its fractional part with a precision level.

Decimal Places

Refers to the number of digits to the right of the decimal point in a number, indicating the precision of the value.

Percent Format

A numeric format in spreadsheets or databases that displays values as a percentage, multiplying the actual number by 100 and adding a percent sign.