Solve the application problem. Round to the nearest percent.

Last month, Jones Used Car Lot sold $150,000.00 worth of cars. This month their car sales reached $450,000.00. What was their percent increase in car sales?

[tex]\boxed{\begin{minipage}{8 cm}\underline{Percent change formula}\\\\$\rm Percent\:change=\dfrac{final\:value-initial\:value}{initial\:value} \times 100$\\ \end{minipage}}[/tex]

Given values:

Initial value = $150,000
Final value = $450,000

Substitute the values into the percent change formula to find the percent increase in car sales:

[tex]\begin{aligned} \implies \textsf{percent change}&=\dfrac{450000-150000}{150000}\times 100\\\\&=\dfrac{300000}{150000}\times 100\\\\ &=2\times 100\\\\&=200\%\end{aligned}[/tex]

Therefore, the percent increase in car sales was 200%.

Solve the application problem. Round to the nearest percent. Last month, Jones Used Car Lot sold $150,000.00 worth of cars. This month their car sales reached $450,000.00. What was their percent increase in car sales?

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Solve the application problem. Round to the nearest percent.

Last month, Jones Used Car Lot sold $150,000.00 worth of cars. This month their car sales reached $450,000.00. What was their percent increase in car sales?