Assume the following cost of goods sold data for a company:
2011 $1,500,000
2010 1,200,000
2009 1,000,000
If 2009 is the base year, what is the percentage increase in cost of goods sold from 2009 to 2011?
A) 150%
B) 50%
C) 67%
D) 33%
Correct Answer:
Verified
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