Year-on-year 39353

The company's turnover for the period 2011-2013 increased by 3.7%. From 2013 to 2019, an average year-on-year decrease in turnover of 5% was recorded. What is the total relative change in turnover from 2013 to 2019?

Correct answer:

p =  -1.485 %

Step-by-step explanation:

$$\begin{gathered} p_1=100\%+3.7\%=1+\frac{3.7}{100}=1.037 \\ {p}_2=1-5/100=\frac{19}{20}=0.95 \\ {p}_3=p_1\cdot p_2=1.037\cdot 0.95\doteq 0.9852 \\ p=100\cdot (p_3-1)=100\cdot (0.9852-1)=-1.485\% \end{gathered}$$

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