A company's sales in 2013 were $250,000 and in 2014 were $287,500.Using 2013 as the base year,the sales trend percent for 2013 is:
A)87%.
B)100%.
C)115%.
D)15%.
E)13%.

Question

Quizplus · Accepted Answer

Sales trend percent = ((sales in current year - sales in base year) / sales in base year) x 100
Sales trend percent for 2013 = ((250,000 - 250,000) / 250,000) x 100 = 0%
Sales trend percent for 2014 = ((287,500 - 250,000) / 250,000) x 100 = 15%
Therefore, the sales trend percent for 2013 using 2013 as the base year is 0% and the sales trend percent for 2014 using 2013 as the base year is 15%. The closest answer choice is C) 115%, which is the result of adding 100% (the base year) and 15% (the sales trend percent for 2014).

A Company's Sales in 2013 Were $250,000 and in 2014