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Thu 5 Feb, 2004 03:39 pm
During the first year, a new company had sales of $85,790. During the second year, sales increased by 15.7%. What were the company's sales during the second year?
Should I divide? Also should I use "n" for any part of a formular?
N x 15.7 =85,790
n= 15.7 divide by 85,790= 5,464.00
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A store sold 45 of the 55 television sets that it had in stock. What percent of the television sets in stock have been sold? Round to nearest tenth of a percent.
n=55-45
n= 5
I know these are wrong, but I am really confused.
1st problem:
Let's consider an easier problem and then we'll substitute the correct numbers, okay? Let's say you have $1,000 in sales in the first year and the increase is 20%, or $200. So the second year's sales are $1,200. How do you get from $1,000 to $1,200? Multiply the first year's sales times 1.2 (e. g. that's the first year's total plus the percentage increase. You need the one in there, to the left of the decimal; otherwise, you end up with a lower amount for second-year sales, and that's wrong).
2nd problem:
55-45 means 10 sets remain unsold. What's the % of 10 out of 55? That's what you want to be looking for.
Or in a much simpler version:
A percent is just an easier way to say "this number out of 100." You want to turn the percent into a decimal, so divide the percent by 100.
20.0% / 100 = .20 (Just move the decimal point to the left two places)
To find the percent of a number, you multiply the decimal of that percent by the number.
.20 x $1,000 = $200
Finally, you add the percent of that number ($200) to the original number ($1000).
$200 + $1000 = $1,200
The increase was $200 while the total sales were $1,200.