Answer:
12% increase
Step-by-step explanation:
Each year the sales increase by $50,000.
430,000 + 50,000 = 480,000
480,000 + 50,000 = 530,000
To find the percent change, write a proportion using 2 of the years.
[tex]\frac{480,000}{430,000}=\frac{x}{100}[/tex]
To solve for x, cross multiply the numerator with the denominator of each fraction.
480,000(100) = 430,000(x)
48,000,000 = 430,000x
111.62 = x
Rounded this is 112% or 12% above 100%.
