Question

Assume the following sales data for a company: 2013 $945,000 2012 877,500 2011 650,000 If 2011 is the base year, what is the percentage increase in sales from 2011 to 2012? Group of answer choices 24% 35% 76% 135%

Answer 1

Answer:

35%

Explanation:

percentage increase in sales from 2011 to 2012 = (sales in 2012 / sales in 2011) - 1

(877,500 / 650,000) - 1 = 0.35 = 35%