Question

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.


12%


23%


20%


15%

Answer 1

To find the percent increase in sales from February to March, 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, the old value (February sales) is 50 pairs, and the new value (March sales) is 60 pairs.

Now, plug in the values:

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

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