The sales of a particular brand of children’s athletic shoes rose from $4,800,000 to $5,400,000. Find the percent of increase in sales. Round to the nearest tenth of a percent, if necessary.
12.5%
0.1%
88.9%
11.1%
To find the percent increase in sales, first calculate the difference between the new sales and the old sales:
$5,400,000 - $4,800,000 = $600,000
Next, divide the difference by the old sales and multiply by 100 to get the percent increase:
$600,000 / $4,800,000 * 100 = 12.5%
Therefore, the percent increase in sales is 12.5%.