Assume the following cost of goods sold data for a company: $$\begin{array} { r r }
2012 & \$ 1,500,000 \
2011 & 1,200,000 \
2010 & 1,000,000
\end{array}$$ If 2010 is the base year, what is the percentage increase in cost of goods sold from 2010 to 2012?

Question

Assume the following cost of goods sold data for a company: $$\begin{array} { r r } 
2012 & \$ 1,500,000 \
2011 & 1,200,000 \
2010 & 1,000,000
\end{array}$$ If 2010 is the base year, what is the percentage increase in cost of goods sold from 2010 to 2012?

Quizplus · Accepted Answer

The percentage increase from 2010 to 2012 is calculated as $(1,500,000 - 1,000,000) / 1,000,000 \times 100 = 50%$.

Assume the Following Cost of Goods Sold Data for a Company