SOLUTION: Auto sales in a country increased from 15.8 million in 2014 to 16.8 million in 2015. Find the percent increase in auto sales from 2014 to 2015. Round to the nearest tenth of a perc

Algebra ->  Probability-and-statistics -> SOLUTION: Auto sales in a country increased from 15.8 million in 2014 to 16.8 million in 2015. Find the percent increase in auto sales from 2014 to 2015. Round to the nearest tenth of a perc      Log On


   



Question 1171532: Auto sales in a country increased from 15.8 million in 2014 to 16.8 million in 2015. Find the percent increase in auto sales from 2014 to 2015. Round to the nearest tenth of a percent.
Answer by ikleyn(52800) About Me  (Show Source):
You can put this solution on YOUR website!
.


1)  You take the difference (future value - current value).


2)  You divide the difference by the base value, which is the current value in this case.


3)  Then you multiply this ratio by 100 to get the percentage.


    the percent of increase = %28%2816.8-15.8%29%2F15.8%29%2A100 = use your calculator.

---------------

On percentage,  see the lessons
    - Percentage problems
    - Percentage word problems (Type 1 problems, Finding the Part)
    - Percentage word problems (Type 2 problems, Finding the Rate)
    - Percentage word problems (Type 3 problems, Finding the Base)
    - Simple percentage problems
    - More complicated percentage problems
    - Advanced problems on percentage
    - Percentage problems on chains of discounts
    - Problems on percentage that lead to unexpected results
    - Simple interest percentage problems
    - Compounded interest percentage problems
    - OVERVIEW of lessons on percentage problems
in this site.

They are written specially for you.

Read them and become an expert in this area.

Start from the very first lesson of the list.

Consider these lessons as your textbook,  handbook,  tutorials and  (free of charge)  home teacher.