Question:
A company's sales increased from \(\$\)1,500,000 to \(\$\)2,000,000 in one year. What was the percentage increase?
A company's sales increased from \(\$\)1,500,000 to \(\$\)2,000,000 in one year. What was the percentage increase?
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To find the percentage increase, subtract the old value from the new value, divide by the old value, and then multiply by 100.
Updated On: Oct 6, 2025
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Solution and Explanation
Use the formula for percentage increase:
\[
\text{Percentage Increase} = \frac{\text{New Value} - \text{Old Value}}{\text{Old Value}} \times 100
\]
Substitute the given values:
\[
\text{Percentage Increase} = \frac{2,000,000 - 1,500,000}{1,500,000} \times 100 = \frac{500,000}{1,500,000} \times 100 = 33.33%
\]
Final Answer: 33.33%
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