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14 October, 07:07

A company's sales in Year 1 were $260,000 and in Year 2 were $297500.

Using Year 1 as the base year, the percentage change for Year 2 compared to the base year is:

a. 114%.

b. 14%.

c. 13%.

d. 100%

e. 87%

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Answers (1)
  1. 14 October, 07:35
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    b. 14%.

    Explanation:

    As per given data

    Sale in year 1 = $260,000

    Sale in year 2 = $297,500

    Base year id year 1

    Change in sales = Year 2 sales - year 1 Sales

    Change in sales = $297,500 - $260,000

    Change in sales = $37,500

    Change in sales as percent = ($37,500 / 260,000) x 100

    Change in sales as percent = 0.1442 x 100 = 14.42% = 14% (rounded off to nearest whole percentage)
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