Question

A store reported total sales of $385 million for february of this year. If the total sales for the same month last year was $320 million, approximately what was the percent increase in sales?

Answer 1

The percent increase in sales is 20.31 % (approximately).

Step-by-step explanation:

Given,

The total sales for the same month this year = $385,

The total sales for the same month last year = $320 million and

The percent increase in sales = ?

∴ The percent increase in sales

= $\dfrac{A store reported total sales  for february of this year - The total sales for the same month last year }{A store reported total sales  for february of this year}$

= $\dfrac{ 385 - 320}{320}$ × 100

= $\frac{65}{385}$ × 100

= 20.31 % (approximately)

Hence, the percent increase in sales is 20.31 % (approximately).