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Using the data in Extract A, calculate the change in value of sugar-free sweets sales predicted between 2018 and 2023 - Edexcel - A-Level Business - Question 1 - 2022 - Paper 1

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Using the data in Extract A, calculate the change in value of sugar-free sweets sales predicted between 2018 and 2023. State your answer to 2 decimal places. In 201... show full transcript

Worked Solution & Example Answer:Using the data in Extract A, calculate the change in value of sugar-free sweets sales predicted between 2018 and 2023 - Edexcel - A-Level Business - Question 1 - 2022 - Paper 1

Step 1

Calculate Sugar-free Sweets Value in 2018

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Answer

In 2018, the total sales revenue is £2,388 million. Thus, the value of sugar-free sweets is calculated as:

extSugar−freesweetsvaluein2018=0.03imes2,388=71.64extmillionpounds ext{Sugar-free sweets value in 2018} = 0.03 imes 2,388 = 71.64 ext{ million pounds}

Step 2

Calculate Total Sales Revenue in 2023

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Answer

The total sales revenue in 2023 is projected to be £2,734 million. To find the sugar-free sweets value:

extSugar−freesweetsvaluein2023=0.05imes2,734=136.70extmillionpounds ext{Sugar-free sweets value in 2023} = 0.05 imes 2,734 = 136.70 ext{ million pounds}

Step 3

Calculate Change in Sugar-free Sweets Value

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Answer

To find the change in the value of sugar-free sweets from 2018 to 2023:

extChangeinsugar−freesweetsvalue=136.70−71.64=65.06extmillionpounds ext{Change in sugar-free sweets value} = 136.70 - 71.64 = 65.06 ext{ million pounds}

Step 4

State Your Answer

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Answer

The change in value of sugar-free sweets sales predicted between 2018 and 2023 is £65.06 million.

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