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There is a toothpaste factory with excellent products and beautiful packaging, loved by customers.
Sales have increased for 10 consecutive years, with an annual growth rate of 10% to 20%.
However, in the 11th year, performance stagnated, and it remained the same for the following two years.
The company manager held a senior meeting to discuss countermeasures. During the meeting,
the company president promised: Whoever can come up with a solution to the problem and help the company achieve growth will be awarded 100,000 yuan.
A young manager stood up, handed the president a note, and after reading it,
the president immediately signed a check for 100,000 yuan and gave it to the manager.
The note read: Increase the current toothpaste opening by 1 millimeter. Consumers squeeze out the same length of toothpaste every morning, and by increasing the opening by 1 millimeter, each consumer will use 1 millimeter more width of toothpaste. How much will the daily consumption increase?
The company immediately changed the packaging, and the company's sales increased by 32% that year.