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. he has the following data:
sales revenue last year = $350,000
sales revenue current year = $402,500
what is the sales growth percentage?

Explanation:

Step1: Calculate the growth amount

Growth amount = Current year sales - Last year sales.
$402500 - 350000=52500$

Step2: Calculate the growth percentage

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

Answer:

$15\%$