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Example. 4 quarters, sales =100 in each quarter, 400 for the...

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    Example. 4 quarters, sales =100 in each quarter, 400 for the year.

    Following year, q1 sales = 104 = 4 percent increase.

    Q2 - q4 also 104, a 4 percent increase.

    Annual sales 104x4= 416 = 4 percent annual increase over 400 in previous year.

    Maths
 
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