Assume the following sales data for a company: $$\begin{array} { r r }
2022 & \$ 980,000 \
2021 & 875,000 \
2020 & 700,000
\end{array}$$ If 2020 is the base year what is the percentage increase in sales from 2020 to 2021?

Question

Assume the following sales data for a company: $$\begin{array} { r r } 
2022 & \$ 980,000 \
2021 & 875,000 \
2020 & 700,000
\end{array}$$ If 2020 is the base year what is the percentage increase in sales from 2020 to 2021?

Quizplus · Accepted Answer

The percentage increase from 2020 to 2021 is calculated as $(875,000 - 700,000) / 700,000 \times 100\% = 25\%$.

Assume the Following Sales Data for a Company 2022$980,0002021875,0002020700,000\begin{array} { r r } 2022 & \$ 980,000 \\2021 & 875,000 \\2020 & 700,000\end{array}202220212020​$980,000875,000700,000​

Assume the Following Sales Data for a Company $\begin{array} { r r } 2022 & \$ 980,000 \\2021 & 875,000 \\2020 & 700,000\end{array}$