Last year the company you work for did 232000 in business. This year you anticipate an increase of 7%. How much business do you expect to do this year?
that would be 232000 * 1.07 = ?
To calculate the anticipated increase in business for the company this year, you need to multiply the revenue from last year by the anticipated increase percentage (7%).
So, to get the answer:
1. Convert the percentage increase to decimal form: 7% = 0.07
2. Multiply the revenue from last year by the decimal form of the increase:
Revenue increase = $232,000 * 0.07
Revenue increase = $16,240
3. Add the revenue increase to the revenue from last year:
Anticipated business this year = $232,000 + $16,240
Therefore, you can expect the company to do approximately $248,240 in business this year.