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?

13%
17%
10%
15%

Explanation:

Step1: Calculate the growth amount

$402500 - 350000=52500$

Step2: Calculate the growth percentage

$\frac{52500}{350000}\times100\% = 15\%$

Answer:

15%