Washburn is a privately held company with over 100 employees and annual sales of $48 million. This compares to its annual sales of $300,000 when Rudy Schlacher took over in 1976. When he aquired the company, about 250 guitars were produced per month; now 15,000 are produced each month. Production of guitars has increased by what percent since Rudy Schlacher took over Washburn?

Question

Washburn is a privately held company with over 100 employees and annual sales of $48 million. This compares to its annual sales of $300,000 when Rudy Schlacher took over in 1976.  When he aquired the company, about 250 guitars were produced  per month; now 15,000 are produced each month.  Production of guitars has increased by what percent since Rudy Schlacher took over Washburn?

mathstudent55 · Answer

Percent increase is calculated as 
[(new - old)/old] x 100
[(15,000 - 250)/250] x 100

anonymous · Answer

thank you