A company's sales in Year 1 were $250,000 and in Year 2 were $287,500.Using Year 1 as the base year,the percentage change for Year 2 compared to the base year is:
A)87%.
B)100%.
C)115%.
D)15%.
E)13%.

Question

Quizplus · Accepted Answer

To find the percentage change, we use the formula (new value - old value)/old value * 100%. Using Year 1 as the base year, we have (287,500-250,000)/250,000 * 100% = 37,500/250,000 * 100% = 0.15 * 100% = 15%. However, the question asks for the percentage change compared to the base year, so we need to add this percentage to 100% to get the final answer. Therefore, the percentage change is 100% + 15% = 115%. Hence, the correct option is C.

A Company's Sales in Year 1 Were $250,000 and in Year