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?

• A. $2\%$
• B. $17\%$
• C. $20\%$
• D. $65\%$
• E. $83\%$

Answer 1

Answer: (C)

$20\%$

Given, last year sales $=320$ million and this year sales $385$ million

Percent increase $=100\times \frac{new-old}{old}$

$=100\times \frac{385-320}{320}$

$=100\times \frac{65}{320}$

$=\frac{650}{32}$

$=20\%$

Therefore, their is approximately $20\%$ increase in sales.