A restaurant achieved $853,564 in sales this year and $769,278 in sales last year. When rounded to the nearest whole percent, what was the restaurant's percentage variance in sales this year when compared to last year?

Question

Quizplus · Accepted Answer

The percentage increase in sales is calculated as ((853,564 - 769,278) / 769,278) * 100 = (84,286 / 769,278) * 100 ≈ 10.96%, which rounds to an 11% increase.

A Restaurant Achieved $853,564 in Sales This Year and $769,278