Final answer:
This year's sales are 43.90% more than last year's sales, calculated by finding the difference and then dividing by last year's sales and multiplying by 100 to get the percentage.
Step-by-step explanation:
To find what percent of last year's sales this year's sales represent, we will use the formula for percentage change. The formula to calculate the percentage is the change in quantity divided by the original quantity, and then multiplied by 100 to convert it to a percentage.
First, we need to determine the change in sales. This year's sales were $118, and last year's sales were $82. The increase in sales is therefore $118 - $82 = $36.
Next, we calculate the percentage change: ($36 / $82) * 100 = 43.90%. So, this year's sales are 43.90% more than last year's sales.