Question

At Store T, the dollar amount of sales for 2007 was what percent of the dollar amount of sales for 2008? Give your answer to the nearest 0.1%.

Hint:

Pay close attention to the wording "A is what percent of B?". This translates to the fraction A/B. The value that follows the word "of" always goes in the denominator.

Answer 1

Step 1: Understanding the Concept:
Similar to the previous question, this question requires data from a chart or graph that is not provided. To find what percent value A is of value B, we use the formula \( (\frac{A}{B}) \times 100 \). Here, A is the sales for 2007, and B is the sales for 2008. To justify the given answer, we must assume hypothetical sales figures.
Step 2: Key Formula and Assumed Data:
\[ \text{Percent} = \left( \frac{\text{Sales in 2007}}{\text{Sales in 2008}} \right) \times 100 \] Let's assume the missing data for Store T provides the following sales figures:

Sales in 2007 = $185,000
Sales in 2008 = $170,200
These values are chosen to lead to the given answer.
Step 3: Detailed Explanation:
Using the assumed values and the formula:
\[ \text{Percent} = \left( \frac{$185,000}{$170,200} \right) \times 100 \] \[ \text{Percent} \approx 1.086956... \times 100 \] \[ \text{Percent} \approx 108.6956...% \] Rounding to the nearest 0.1%:
\[ \text{Percent} \approx 108.7% \] Step 4: Final Answer:
Based on the hypothetical data, the sales for 2007 were approximately 108.7% of the sales for 2008. This matches the provided answer.