Question

Question #0b870

Answer 1

There was a 25 percent or 25% increase in sales.

Explanation:

The formula for determining the percent change in two values over time is:

`p = (N - O)/O*100`

Where `p` is the percent change, `N` is the New Value and `O` is the Old Value. In this problem we are given the New Value (60) and the Old Value (48) which we can substitute into the formula to calculate `p`:

`p = (60 - 48)/48*100`

`p = 12/48*100`

`p = 1/4*100`

`p = 100/4`

`p = 25`