Nokea
The owner of a newspaper has noticed that print subscriptions have gone down 40% while online subscriptions have gone up 60%. Print subscriptions once accounted for 70% of the newspaper's business, and online subscriptions accounted for 25%. What is the overall percentage growth or decline in business?
Correct Answer: A
Rationale: To calculate the decline in business, start with the 40% decline in the 70% share of print subscriptions: 40% of 70% = 0.40 0.70 = 0.28 = 28% decline. Next, calculate the growth from the 60% increase in the 25% share of online subscriptions: 60% of 25% = 0.60 0.25 = 0.15 = 15% growth. To find the overall change, sum the decline and growth percentages: 28% decline + 15% growth = -0.28 + 0.15 = -0.13 = 13% decline. Therefore, the overall percentage change in the newspaper's business is a 13% decline. Option A is the correct answer. Option B is incorrect because it doesn't consider the correct calculations for both the decline and growth. Option C is incorrect as it misinterprets the net change in business. Option D is incorrect as it miscalculates the overall percentage growth or decline.