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September 19th, 2017, 02:35 PM   #1
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Joined: Sep 2017
From: london

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growth rate of two variables

In 2016, item cost is £6 and number of units sold is 10
in 2017, item cost increases to £7 and number of units sold increases to 15

Question:

Of the 75% increase in cost, how much is due to price decrease and how much is because of volume increase?
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