A new professional saw 841 clients during the first year of practice and 1072 clients during the second year of practice. Which of the following represents the approximate percentage increase in client volume?

Rationale

B) 27% is the approximate percentage increase in client volume.

To calculate the percentage increase, you subtract the initial value from the final value, divide the result by the initial value, and then multiply by 100. In this case, subtract 841 (first year clients) from 1072 (second year clients) to get 231. Divide 231 by 841 and multiply by 100 to get approximately 27%.

A (127%) YOUR ANSWER

This percentage is incorrect because it is significantly higher than the actual increase. It might be a misunderstanding of the percentage increase calculation where the second year's client volume is compared to the first year's client volume, but the increase is not more than 100%.

B (27%) CORRECT

This is the correct answer. The increase in clients from the first year to the second year is approximately 27%, which is calculated by subtracting the first year's client volume from the second year's, dividing the result by the first year's volume, and multiplying by 100.

C (22%) YOUR ANSWER

This percentage is incorrect because it is less than the actual increase. This might be the result of an error in the calculation of the percentage increase.

D (78%) YOUR ANSWER

This percentage is incorrect because it is significantly higher than the actual increase. This might suggest a misunderstanding of the concept of percentage increase, as the increase from the first year to the second year of practice is not close to doubling the client volume.

Conclusion

When calculating the percentage increase in the number of clients from the first year to the second year, it's crucial to accurately subtract the first year's client volume from the second year's, divide the result by the first year's volume, and multiply by 100. The correct answer is B) 27%, which represents the approximate percentage increase in client volume. Errors in these calculations could result in significantly overestimated or underestimated percentages, such as the incorrect options A) 127%, C) 22%, and D) 78%.

A new professional saw 841 clients during the first year of practice and 1072 clients during the second year of practice. Which of the following represents the approximate percentage increase in client volume?

B) 27% is the approximate percentage increase in client volume.

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