In 2016,inventory was $356,400 and in 2017,inventory was $275,000.The percent change is calculated by dividing:
A) $356,400 by 275,000 multiply by 100
B) $275,000 by $356,400 multiply by 100
C) ($81,400) by $356,400 multiply by 100
D) ($81,400) by $275,000 multiply by 100

Question

Quizplus · Accepted Answer

The percent change is calculated by taking the difference between the two values ($356,400 - $275,000 = $81,400), dividing by the original value ($356,400), and then multiplying by 100 to get the percentage.

In 2016,inventory Was $356,400 and in 2017,inventory Was $275,000