A company sold 300 products in January. If sales increase by 15% each month, how many products will they have sold in March?

To solve this problem, we need to calculate the number of products sold in March, given that the sales increase by 15% each month starting from January.

### Step-by-step Solution:

1. **Determine February Sales:**
   - January sales = 300 products.
   - Sales increase by 15% in February.
   
   \[
   \text{February sales} = 300 \times (1 + 0.15) = 300 \times 1.15 = 345 \text{ products}
   \]

2. **Determine March Sales:**
   - February sales = 345 products.
   - Sales increase by 15% in March.
   
   \[
   \text{March sales} = 345 \times (1 + 0.15) = 345 \times 1.15 = 396.75 \text{ products}
   \]

Since the number of products sold should be a whole number, we can round it to:

\[
\text{March sales} \approx 397 \text{ products}
\]

### Conclusion:

The company will have sold approximately **397 products** in March.

Would you like more details on this solution or have any questions?

### Related Questions:

1. What would be the total sales over the first three months?
2. How many products will they have sold by the end of April if the same growth continues?
3. What is the percentage increase in sales from January to March?
4. How much does the sales increase by month on month in absolute numbers?
5. What would be the monthly sales if the increase rate changes to 20%?

**Tip:** Remember that repeated percentage increases are compounded, not added linearly!

Learn how to calculate product sales growth with a 15% monthly increase. Starting with 300 products in January, find out how many products the company will sell by March. This solution involves percentage increase and compound growth, suitable for Grades 6-8.

Math Problem Statement

Solution

Ask a new question for Free

By Image

Math Problem Analysis

Mathematical Concepts

Formulas

Theorems

Suitable Grade Level

Related Recommendation