Question

Washington Hardware kept an inventory of 196,240 lawnmowers in the past, versus 215,864 lawnmowers now that they are under new management. What is the percent of increase in the inventory level?

Answer 1

To find the percent of increase in the inventory level, subtract the past inventory level from the current inventory level, divide by the past inventory level, and multiply by 100. The percent of increase in this case is 10%.

Step-by-step explanation:

To find the percent of increase in the inventory level, we need to calculate the difference between the past inventory level and the current inventory level, and then divide it by the past inventory level. Finally, multiply the result by 100 to get the percentage.

Percent Increase = ((New Value - Old Value) / Old Value) × 100

Given:
Old Value = 196,240 lawnmowers
New Value = 215,864 lawnmowers

Percent Increase = ((215,864 - 196,240) / 196,240) × 100

Percent Increase = (19,624 / 196,240) × 100
Percent Increase = 0.1 × 100
Percent Increase = 10%