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Question: the mayor of a local community hires you to help...

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The mayor of a local community hires you to help her understand the percentage of sales retained in her community as she and her council are looking at offering incentives for development for the local businesses. Given the information below, estimate the percentage of sales retained by the local community. Formula: Potential Sales = community population * state sales per capita * local PCI state PCI where PCI is per capita income. % sales retained = (actual sales ÷ potential sales) * 100 Assumptions (based on last year’s Census data): Community population = 9,800 State sales per capita = $12,563 local PCI = $15,184 state PCI = $23,722 actual sales in the community = $51,001,090

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