A study was conducted to analyze the effect of advertising on sales for two different products, X and Y, over four months. The sales data collected is summarized in the table below:
Month | Product X Sales ($) | Product Y Sales ($) |
---|---|---|
January | 1200 | 1500 |
February | 1350 | 1600 |
March | 1500 | 1700 |
April | 1800 | 1900 |
The percentage increase in sales for each product over the four-month period is to be computed. The formula for percentage increase is given by:
Percentage Increase = $$\frac{( ext{Final Value} - ext{Initial Value})}{ ext{Initial Value}} imes 100$$
Calculate the percentage increase in sales for Product X over the four months, and record your answer as a decimal to two decimal places.