Washburn Company reported sales of $1,722,000 for Year 1 and $1,831,000 for Year 2. Using Year 1 as the base year, what was the percentage change for sales from Year 1 to Year 2?
A)6.33% decrease.
B)5.95% decrease.
C)6.33% increase.
D)5.95% increase.
E)6.17% increasE.(1,831,000 - 1,722,000)/1,722,000 = 6.33% increase

Question

Quizplus · Accepted Answer

The percentage change is calculated by taking the difference between the sales of Year 1 and Year 2, dividing it by the sales of Year 1, and then multiplying by 100. 
[(Year 2 sales - Year 1 sales)/Year 1 sales] x 100 = [(1,831,000 - 1,722,000)/1,722,000] x 100 = 6.33% increase. Therefore, the correct answer is C, which indicates a 6.33% increase in sales from Year 1 to Year 2.

Washburn Company Reported Sales of $1,722,000 for Year 1 and $1,831,000