Story problem

Question

Sales at a new computer store total $50,000 in the first month. They project to increase 10% per month. What are the total sales over the first six months that the store is open? (Round to the nearest thousand)

Answer 1

Hi Kaylee, the basis for starting the sales is the $50,000 in the first month.

 

Month 2, 10% of $50,000 = $5,000. The sales for the second month equals, $55,000.

 

Month 3, 10% of $55,000 = $5,500. The sales for the third month equals, $60,500.

 

Month 4, 10% of $60,500 = $6,050. The sales for the fourth month equals, $66,550.

 

Month 5, 10% of $66.550 = $6,655. The sales for the fifth month equals, $73,205.

 

Month 6, 10% of $73,205 = $7,320, rounded. The sales for the sixth month equals, $80,525.

 

Total sales for the six months is:$385,780.

 

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