MKT100 - Metric 2 Percentage Change
Question 1
In order to determine the optimal pricing for maximizing revenue Sara, the owner of a
floral shop, decided to sell bouquets for a week at $30/bouquet and then sell them the
following week for $20/bouquet. During the first week, Sara sold 90 bouquets at $30 each;
during the second week she sold 110 bouquets at $20 each. Assuming that her costs, the
number of customers coming into the store and all other variables affecting sales remain
constant during the 2 weeks, what was the percent change in sales revenue from the first
week to the second?
-18.5%
None of the answers. 18.5%
O-22.7%
22.7%
Question 2
Kundhavi's Pet Shop had a 220% increase in sales of turtles in 2009 over the previous year.
If they sold 50 turtles in 2008, how many did they sell in 2009?
160
011.
None of the answers. 110.
0 220.
Question 3
Bob runs a bicycle shop near the beach and recently was notified about some changes in
pricing for his business. The cost of rent was increasing from $964/month to $1544/month
for the summer months. Additionally, the cost of replacement tires was going up from
$12/tire to $16/tire; and tires are replaced every 2000km which varies with usage as a
result of weather. What is the percentage increase in Bob's monthly fixed operating costs
during the summer months?
