During the month of February, Fabulous Feet Shoe Mart sold 50 pairs of red loafers. After an ad campaign to boost sales, they sold 60 pairs in March. Find the percent of increase in sales.

Question

12%

23%

15%

20%

Answer 1

To calculate the percent increase in sales, you can use the following formula:

\[ \text{Percent Increase} = \left( \frac{\text{New Value} - \text{Old Value}}{\text{Old Value}} \right) \times 100 \]

In this case:

• Old Value (February sales) = 50 pairs
• New Value (March sales) = 60 pairs

Now, plug the values into the formula:

\[ \text{Percent Increase} = \left( \frac{60 - 50}{50} \right) \times 100 = \left( \frac{10}{50} \right) \times 100 = 0.2 \times 100 = 20% \]

Thus, the percent of increase in sales is 20%.