Last year, sales at a book store increased from $5,000 to $10,000. This year, sales decreased to $5,000 from $10,000. What percentage did sales increase last year? What percentage did sales decrease this year?
Solution:
we are given that
Last year, sales at a book store increased from $5,000 to $10,000.
As we know that percentage increase is given by the formula
Percentage increase\(=\frac{change}{Initial}*100\)
Substitute the values we get
Percentage increase\(=\frac{10000-5000}{5000}*100\)
Percentage increase \(=\frac{5000}{5000}*100=100\) %.
This year, sales decreased to $5,000 from $10,000.
Percentage Decrease \(=\frac{change}{Initial}*100\)
Substitute the values we get
Percentage Decrease \(=\frac{10000-5000}{10000}*100\)
Percentage Decrease \(=\frac{5000}{10000}*100=50\) %.