Question

Difficulty: EasyRatio, Proportion, and Percent Calculations

The table below details the quarterly revenues for four operating divisions of a logistics firm in 2025:

DivisionQ1 Revenue ($)Q2 Revenue ($)
North80,00080,000100,000100,000
South150,000150,000180,000180,000
East120,000120,000144,000144,000
West200,000200,000230,000230,000

What is the percentage increase in revenue from Q1 to Q2 for the North division?

  1. A
    20%20\%
  2. 25%25\%Answer
  3. C
    80%80\%
  4. D
    125%125\%
  5. E
    12.5%12.5\%

Answer

The percentage increase in revenue for the North division from Q1 to Q2 is 25%25\%.
The percentage increase is calculated as Q2 RevenueQ1 RevenueQ1 Revenue×100%\frac{\text{Q2 Revenue} - \text{Q1 Revenue}}{\text{Q1 Revenue}} \times 100\%. For the North division, 100,00080,00080,000=20,00080,000=0.25=25%\frac{100,000 - 80,000}{80,000} = \frac{20,000}{80,000} = 0.25 = 25\%.

Step-by-Step Solution

1
Find the absolute change in revenue for the North division from Q1 to Q2.
Change = $100,000$80,000=$20,000\$100,000 - \$80,000 = \$20,000.
Percentage increase requires comparing the change relative to the initial starting value.
2
Identify the base (initial) value for the percentage calculation.
Base value = Q1 revenue = $80,000\$80,000.
The base for percentage change calculation is always the initial period value (Q1).
3
Calculate the percentage increase by dividing the change by the base value and multiplying by 100%100\%.
Percentage Increase = 20,00080,000×100%=0.25×100%=25%\frac{20,000}{80,000} \times 100\% = 0.25 \times 100\% = 25\%.
To convert a ratio to a percentage, multiply the fractional increase by 100100.

Key Concept

Percentage Change from Table Data
Estimated Time:45s
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