Assume the following cost of goods sold data for a company: $$\begin{array} { r r }
2014 & \$ 1,680,000 \
2013 & 1,400,000 \
2012 & 1,200,000
\end{array}$$ If 2012 is the base year, what is the percentage increase in cost of goods sold from 2012 to 2014?

Question

Assume the following cost of goods sold data for a company: $$\begin{array} { r r } 
2014 & \$ 1,680,000 \
2013 & 1,400,000 \
2012 & 1,200,000
\end{array}$$ If 2012 is the base year, what is the percentage increase in cost of goods sold from 2012 to 2014?

Quizplus · Accepted Answer

The percentage increase from 2012 to 2014 is calculated as $(1,680,000 - 1,200,000) / 1,200,000 \times 100\% = 40\%$.

Assume the Following Cost of Goods Sold Data for a Company