Final answer:
To calculate this year's sales for the Gaston Company after a 76% increase, multiply last year's sales of $450,450 by 0.76 to find the increase of $342,342, and then add it to the original sales to get a total of $792,792 in sales this year.
Step-by-step explanation:
To find Gaston Company's sales this year after an increase of 76%, we first calculate the amount of increase on last year's sales and then add it to last year's sales figure. Last year's sales were $450,450.
The increase can be calculated as follows:
Increase = Original Amount × Percentage Increase
Increase = $450,450 × 0.76
Increase = $342,342
Now, we add this increase to the original sales figure to get this year's sales:
This Year's Sales = Last Year's Sales + Increase
This Year's Sales = $450,450 + $342,342
This Year's Sales = $792,792
Therefore, the sales for Gaston Company this year are $792,792.