The bosco company has sales of $979,000 and is losing sales and a rate of 2.5% per month. if this decline continues, what will the company’s sales be in three years? show work !

 $97,900

Step-by-step explanation:

Company sales                   = $979,000

Monthly % of decline        = 2.5 %

Amount loose monthly will be 2.5% of $979,000

                                           = 2.5/100  x  979,000

                                          = $24,475

since the decline is on monthly basis , and there are 12 months in a year therefore, the 3 years      = 12 x  3

                                          = 36 months,

Now,  what the company  looses in three years to come will be

                                         = $24, 475 x 36

                                         = $881, 100

Therefore , the company's sales in the three years will then be

                                         = $979,000 - $881,100

                                         = $97,900

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