Footware manufacturing is projected to decrease output by 8.4% from 2006 to 2016. if footware manufacturing had 1.8 billion dollars of output in 2006, approximately how much output is expected in 2016? a. $1.95 billion b. $2.64 billion c. $1.55 billion d. $1.65 billion please select the best answer from the choices provided a b c d



Answer :

The approximate output expected in 2016 would be around 1.65 billion.

As the output is expected to be have a decrease of 8.4%, this can concluded that,

100-8.4 = 91.6% of the output,

91.6% = 91.6/100 = 0.916,

91.6% of 1.8 billion is then,

0.916(1.8) = 1.6488

≈ 1.65 billion

Thus, it can be estimated that the expected production would be 1.65 billion in 2016.

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