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The owner of an organic food store would like to analyze the sales data to determine if the business is growing, declining or remaining flat. The owner has the following data: Sales Revenue Last Year = $350,000 // Sales Revenue Current Year = $402,000. What is the sales growth? Question 3 options: 10% 17% 13% 15%

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The percentage sales growth recorded by the food store is 15%

Given the Parameters :

  • Last year revenue = $350,000

  • Current year revenue = $402,000

The growth sales can be obtained using the relation :

  • Change in revenue / Last year revenue) × 100%

  • Change in revenue = Current year - Last year

  • Change in revenue = $402,200 - $350,000 = $52,200

Hence, percentage sales growth :

  • (52,200 / 350,000) × 100% = 14.914 %

Therefore, the percentage sales growth is 15%.

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