Question

the owner of an organic pet food store would like to analyze the sales data to determine if the business is growing, declining or remaining flat. the owner has the following data: sales revenue last year = $350,000 sales revenue current year = $402,500 what is the sales growth percentage? 10% 17% 15% 13%

Explanation:

Step1: Calculate the growth amount

Growth amount = Current year sales - Last year sales
Growth amount = \(402500 - 350000=\$52500\)

Step2: Calculate the growth percentage

Growth percentage = \(\frac{\text{Growth amount}}{\text{Last year sales}}\times100\%\)
Growth percentage = \(\frac{52500}{350000}\times 100\% = 15\%\)

Answer:

15%