Question

The sales of a particular brand of children’s athletic shoes rose from $6,900,000 to $7,400,000. Find the percent of increase in sales. Round to the nearest tenth of a percent if necessary.

Answer 1

6900000 + (6900000 * x) = 7400000

This equation is telling us 6900000 plus 6900000 times a specific percent will get us 7400000, which is what we want.

6900000 + (6900000 * x) = 7400000
6900000 + 6900000x = 7400000
Subtract 6900000 from both sides.
6900000x = 500000
Divide both sides by 6900000
x = 0.0724637681, or .07 when rounded to the nearest tenth.

We can convert .07 to a percentage by moving the decimal point two places to the right.

.07 = 7%

The sales of the children's athletic shoes rose about 7%