During 2009 and 2010, Orange Company recognized $100,000 and $120,000 of sales, respectively. The inflation rate between 2009 and 2010 was 10 percent. Did sales increase 20 percent from 2009 to 2010? Explain.

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The Answer of During 2009 and 2010, Orange Company recognized $100,000 and $120,000 of sales, respectively. The inflation rate between 2009 and 2010 was 10 percent. Did sales increase 20 percent from 2009 to 2010? Explain.

During 2009 and 2010, Orange Company Recognized $100,000 and $120,000