Danner Corporation reported net sales of $650,000, $720,000, and $780,000 in the years 2016, 2017, and 2018, respectively. If 2016 is the base year, what percentage do 2018 sales represent of the base?
A) 108%
B) 120%
C) 83%
D) 20%

Question

Quizplus · Accepted Answer

To find the percentage that 2018 sales represent of the base year (2016), we need to divide 2018 sales by 2016 sales and multiply by 100:

($780,000 ÷ $650,000) × 100 = 120%

Therefore, 2018 sales represent 120% of the base year (2016).

Danner Corporation Reported Net Sales of $650,000, $720,000, and $780,000