Question

Scarborough Faire Herb Farm is a small company specializing in selling organic fresh herbs, teas, and herbal crafts. Currently, basil is their top selling herb, with $41,000 in sales last year. Parsley is their second biggest seller with $30,000 in sales. Total sales last year were $160,000 and Scarborough Faire forecasts sales to increase by 13% this year. If total sales increases by the percentage forecasted, what will total sales be this year

Answer 1

Answer:

Sales This year will be $180,800

Explanation:

Total Sales Last Year = $160,000

Growth rate of sales = 13%

Sales This year = Total Sales last year x (1+Growth rate)

Sales This year = $160,000 x (1+13%)

Sales This year = $160,000 x (1+0.13)

Sales This year = $160,000 x 1.13

Sales This year = $180,800