A store reported total sales of $400 million for February of this year. If the total sales for the same month last year was $320 million, approximately what was the percent increase in sales?
Choose the correct choice from the following:
A) 2%
B) 17%
C) 25%
D) 65%
E) 83%
New Value – Old Value)/Old Value x 100   We are given:   February sales this year = 400 million   February sales last year = 320 million   We need to determine the percent increase between sales from last year to sales this year.   Thus, the new value = 400 million and the old value = 320 million. Let’s plug them into our percent change formula.   (New Value – Old Value)/Old Value x 100   [(400 – 320)/320] x 100   = 25%.   The answer is 25%.
<result>C</result>
A store reported total sales of $400 million for February of this year. If the total sales for the same month last year was $320 million, approximately what was the percent increase in sales?