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A store reported (OG2016)

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boomgoesthegmat Senior | Next Rank: 100 Posts Default Avatar
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A store reported (OG2016)

Post Fri May 06, 2016 12:35 pm
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%

OA: C

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Post Thu May 12, 2016 12:39 am
% change = 100 * (New - Old)/Old

= 100 * (385 - 320)/320

= 100 * 65/320

= 6500/320

≈ 6400 / 320

≈ 20

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Post Sat May 07, 2016 6:48 am
boomgoesthegmat wrote:
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%
Percent increase = 100(new - old)/old
So: Percent increase = 100(385 - 320)/(320)
= 100(65)/320
= 6500/320
= 650/32
≈ 20%
Answer: C

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