Assume the following sales data for a company:Current year$1,025,000Preceding year820,000What is the percentage increase in sales from the preceding year to the current year?
A) 100%
B) 25%
C) 125%
D) 75%

Question

Assume the following sales data for a company:Current year$1,025,000Preceding year820,000​What is the percentage increase in sales from the preceding year to the current year?
A) 100%
B) 25%
C) 125%
D) 75%

Quizplus · Accepted Answer

The percentage increase in sales is calculated as [(Current Year Sales - Preceding Year Sales) / Preceding Year Sales] * 100. So, [(1,025,000 - 820,000) / 820,000] * 100 = 25%.

Assume the Following Sales Data for a Company:Current Year$1,025,000Preceding Year820,000​What

Assume the Following Sales Data for a Company:Current Year$1,025,000Preceding Year820,000What