Question

In 2005, the Handy Yogurt shop had $345,265 in Gross Revenues;

in 2006, they had $357,388.
What is the percentage change in sales?
Group of answer choices
a. 3.39%
b. -3.51%
c. 3.51%
d.-3.39%

Answer 1

The percentage change in sales for the Handy Yogurt shop from 2005 to 2006 is calculated as 3.51%, which is option (c). This is determined by using the formula for percentage change and the provided revenue figures for both years.

Step-by-step explanation:

To calculate the percentage change in sales from 2005 to 2006 for the Handy Yogurt shop, we can use the formula:

Percentage Change = [(New Value - Original Value) / Original Value] × 100%

Using the given data:

• Original Gross Revenues in 2005 = $345,265
• New Gross Revenues in 2006 = $357,388

Substituting these values into the formula:

Percentage Change = [($357,388 - $345,265) / $345,265] × 100%

Percentage Change = [$12,123 / $345,265] × 100%

Percentage Change = 0.0351 × 100%

Percentage Change = 3.51%

The percentage change in sales for the Handy Yogurt shop from 2005 to 2006 is 3.51%, which matches option (c).