Dan -
It actually will work, just use like so:
<Current Year Sales = <Last Years Sales * (1+<percentage change)
So in your example, you had current year sales of 3700 and a decrease of
11.6%, so the formula would become (remember I said use a negative percentage
for decreases):
3700 = <Last Years Sales * (1+(-.116))
3700 = <Last Years Sales * (1-.116)
3700 = <Last Years Sales * .884
Last Years Sales = 3700/.884
Last Years Sales = 4185.52
If you are getting confused by Manish (when he says an increase in sales by
151% means multiplying by 1.51), he is wrong... look:
Once again use your information:
4500 = <Last Years Sales * (1 + 1.51)
4500 = <Last Years Sales * 2.51
Last Years Sales = 4500/2.51
Last Years Sales = 1792.83.
Hope this helps,
--
David Billigmeier
"Dan" wrote:
Hmm, this "general" formula doesn't seem to work for the negative
changes. Any other thoughts?
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