We want to find the projected amount of shoe sales next year. Let's start by calculating the dollar amount of the increase in sales by using the percent equation.
part = percent * whole
We are given that shoe sales for the company were $ 25.9 billion this year. We also know that sales are expected to increase by about 20 % in the next year. Let p represent the dollar amount of the increase in sales.
p = 20 % * $ 25.9billion
Before we can solve the equation, we need to write the percent as a decimal. We can write a percent as a decimal by ignoring the percent symbol and moving the decimal point two places to the left.
Therefore, 20 % is equal to 0.20, or 0.2.
p = 20 % * $ 25.9billion ⇓ p = 0.2 * $ 25.9billion
Let's solve the equation for p. For simplicity, we will ignore the units for now.
We got that p= 5.18billion is the solution to the equation. This means that the dollar amount of the increase in sales is $ 5.18billion. Now we can calculate the projected amount of shoe sales next year by adding the increase to $ 25.9 billion.
$25.9billion + $ 5.18billion = $ 31.08billion
We found that the projected amount of shoe sales next year will be $ 31.08 billion.
