A parcel delivery company delivered 103,500 packages last year, when its average employment was 86 drivers. This year the firm handled 112,500 deliveries with 93 drivers. What was the percentage change in productivity over the past two years?
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To calculate the percentage change in productivity, we can use the formula:
Productivity = Output / Input
First, let's calculate the productivity for each year:
For the first year:
Productivity (Year 1) = 103,500 packages / 86 drivers
For the second year:
Productivity (Year 2) = 112,500 packages / 93 drivers
Next, find the percentage change in productivity using the formula:
Percentage Change =
New Productivity−Old Productivity /Old Productivity x 100
Let's calculate:
Productivity (Year 1) = 103,500 / 86
Productivity (Year 1) = 1,203.49 packages per driver
Productivity (Year 2) = 112,500 / 93
Productivity (Year 2) = 1,209.68 packages per driver
Percentage Change = 1,209.68 − 1,203.49 / 1,203.49 × 100
Percentage Change = 0.5137%
The percentage change in productivity over the two years is approximately 0.5137%.