Question

Scarborough Faire Herb Farm is a small company specializing in selling organic fresh herbs, teas and herbal crafts. Currently, basil is their top selling herb, with $45,000 in sales last year. Parsley is their second biggest seller with $27,000 in sales. Total sales last year were $170,000 and Scarborough Faire forecasts sales to increase by 10% this year. If basil sales remain the same as last year but total sales grow as percentage will basil sales be this year?

Answer 1

24.06% of total sales

Explanation:

Total sales, which were $170,000 originally, are expected to grow by 10%. The expected value of total sales this year is:

`S=\$170,000*1.10 = \$187,000`

If Basil sales remain at the same value of $45,000, the percentage of sales corresponding to basil is:

`B=(\$45,000)/(\$187,000)*100\%\\B=24.06\%`

Therefore, basil will correspond to 24.06% of total sales.