Oyster Company's sales in 2020 ere $145,000.Sales in 2013 were $167,600.Using 2021 as the base year,the trend percentage for 2021 is

Question

Quizplus · Accepted Answer

Trend percentage = (Sales in 2020/Sales in 2013) x 100%
= (145,000/167,600) x 100%
= 86.5%
To find the sales in 2021, we need to use the trend percentage as follows:
Sales in 2021 = Sales in 2020 x Trend percentage
= 145,000 x 0.865
= 125,425
Therefore, the trend percentage for 2021 is (125,425/167,600) x 100% = 74.8%
So, the answer is not given in the options.

Oyster Company's Sales in 2020 Ere $145,000