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    Vi Posts: 1, Reputation: 1
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    #1

    Dec 30, 2009, 06:05 AM
    Formula to calculate growth rate of sales
    My question is to find the growth of sales of electricity for a State from 1999-2000.. in my table I have the years, sales of power, miscellaneous receipts and total.. for eg: for the year 1999-2000.. sales is 1554.32.. Mis receipts is 22.09.. and total for that year is 1576.41... while for the next year 2000-2001... sales is 1869.59.. Mis receipts is 6.92.. and total of it is 1876.42.. I want to find the % growth regarding both sales and receipts.
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    ArcSine Posts: 969, Reputation: 106
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    #2

    Dec 30, 2009, 07:32 AM
    gives you the one-year growth rate as a decimal, where and are the amounts for the earlier year and the following year, respectively.
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