Math Problem Statement

Assume that in August 2019 the U.S. had $9 billion in clothing retail sales. Using the information in Graph B, calculate the amount of clothing retail sales in August 2020 in billions of dollars. Round your answer to 2 decimal places. Note: answering in billions means that if you think the answer is $4 billion, you should answer “4” in the box below.

Solution

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Math Problem Analysis

Mathematical Concepts

Percentage Change
Proportional Reasoning

Formulas

Sales in August 2020 = Sales in August 2019 × (1 + (Percentage Change / 100))

Theorems

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Suitable Grade Level

Grades 9-12