What is the sales growth percentage if the sales revenue last year was $350,000 and the current year is $402,500?

To determine the sales growth percentage, you start by calculating the increase in sales revenue from the previous year to the current year. In this case, you subtract the last year's sales revenue ($350,000) from the current year's sales revenue ($402,500). This gives an increase of $52,500.

Next, to find the growth percentage, you divide the increase in sales revenue by last year's sales revenue. This calculation looks like this:

[

\text{Growth Percentage} = \left( \frac{\text{Increase}}{\text{Last Year’s Revenue}} \right) \times 100

]

So, plugging in the numbers:

[

\text{Growth Percentage} = \left( \frac{52,500}{350,000} \right) \times 100 \approx 15%

]

This result indicates that the sales revenue has grown by 15% from last year to the current year, confirming that the correct answer is indeed 15%.

This calculation is essential for businesses as it helps in measuring performance and setting future sales goals. Understanding and communicating sales growth percentage can provide insight into the company's health and responsiveness to market conditions.