Suppose Razrthin Inc., a producer of a men’s shaving razors has a subsidiary in United Kingdom. At the end of the year, Razrthin has to consolidate its income statement. For 2014, the company generated $125 million in sales in the U.S. which was $25 million more than 2013. The U.K. subsidiary recorded sales of £30 million in 2014, which was £5 million more than 2013. What is the percentage increase in sales for the UK subsidiary?
1. 20 percent
2.17 percent
3.15 percent