Tammy sold $2,200.00 worth of toasted peanuts in May. She sold $2,900.00 worth of toasted peanuts in June. Approximately what was the percent increase in the worth of the toasted peanuts sold from May to June?
Approximately 32% was the percent increase in the worth of the toasted peanuts sold from May to June.
To find the percent increase, we calculate the difference in sales between June and May, divide that by May's sales, and then multiply by 100. This results in a percent increase of approximately 32%.
A 7% increase would imply a much smaller gain relative to May's sales. The calculation for a 7% increase would yield a final value far lower than the actual sales figure for June, which confirms that this option significantly underestimates the increase.
A 10% increase would suggest that the difference between the two months is $220, resulting in a June total of $2,420. This does not match the actual June sales of $2,900, indicating that this choice also fails to accurately reflect the sales growth.
A 25% increase would result in a June sales figure of $2,750, calculated from May's sales of $2,200. This again is less than the actual sales amount of $2,900, demonstrating that this option underreports the percent increase.
This choice correctly reflects the increase as it is calculated from the difference of $700 (June sales minus May sales) divided by May’s sales of $2,200, resulting in an approximate percent increase of 31.82%, which rounds to 32%.
The percent increase in sales from May to June is accurately calculated as approximately 32%. This reflects the significant growth in sales, while the other options miscalculate the increase and do not align with the actual figures. Understanding how to compute percent changes is crucial in analyzing sales performance and growth metrics effectively.
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