What will be my projected sales in 2018?

Anonymous
timer Asked: Nov 13th, 2015
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Question Description

  My sales revenue has grown from $1,200,000 in 2012 to $1,500,000 in 2015.  Assuming that my sales revenue growth is linear, find the linear equation for my sales.  What will be my projected sales in 2018?

Tutor Answer

pushpam
School: Boston College

Thank you for the opportunity to help you with your question!

slope = 300000/3= 100000

1500000 = 100000*3+C

y intercept = 1200000 [Assuming 2012 to be the base year.

So, linear equation of sales  => y = 100000*(x-2012)+1200000 [Where x and y are actual years.

So projected sales in 2018,

y = 100000*(2018-2012)+1200000

sales = $1,800,000

Please let me know if you need any clarification. I'm always happy to answer your questions.

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Review

Anonymous
Goes above and beyond expectations !

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