If a company has sales revenue of $110 in 2013 and $154 in 2014, the percentage increase in sales revenue from 2013 to 2014 is 140%.

Question

Quizplus · Accepted Answer

To calculate the percentage increase, we need to use the formula: ((new value - old value) / old value) * 100
Using this formula, we get: ((154-110)/110) * 100 = 40%
Therefore, the percentage increase in sales revenue from 2013 to 2014 is 40%, not 140%.

If a Company Has Sales Revenue of $110 in 2013