If a company’s sales increase from $1,000,000 to $1,200,000, what is the percent

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Question: If a company’s sales increase from $1,000,000 to $1,200,000, what is the percentage increase in sales?

Options:

Correct Answer: 20%

Solution:

Percentage increase is calculated as (new value - old value) / old value * 100. Thus, ($1,200,000 - $1,000,000) / $1,000,000 * 100 = 20%.

If a company’s sales increase from $1,000,000 to $1,200,000, what is the percentage increase in sales?

If a company’s sales increase from $1,000,000 to $1,200,000, what is the percentage increase in sales?

Step 1: Identify the old value (initial sales) which is $1,000,000.
Step 2: Identify the new value (new sales) which is $1,200,000.
Step 3: Calculate the difference between the new value and the old value: $1,200,000 - $1,000,000.
Step 4: The difference is $200,000.
Step 5: Divide the difference by the old value: $200,000 / $1,000,000.
Step 6: The result of the division is 0.2.
Step 7: To find the percentage, multiply the result by 100: 0.2 * 100.
Step 8: The final result is 20%, which is the percentage increase in sales.

Percentage Increase – The calculation of the percentage increase involves finding the difference between the new and old values, dividing by the old value, and then multiplying by 100 to express it as a percentage.