A company's sales in Year 1 were $250,000 and in Year 2 were $287,500. Using Year 1 as the base year, the percent change for Year 2 compared to the base year is:
A) 100%.
B) 13%.
C) 15%.
D) 87%.
E) 115%.

Question

Quizplus · Accepted Answer

The formula to calculate percentage change is: 
(Year 2 Sales - Year 1 Sales) / Year 1 Sales * 100%
Using this formula, we get:

(287,500 - 250,000) / 250,000 * 100% = 15%

Therefore, the percent change for Year 2 compared to the base year is 15%. The correct answer is C.

A Company's Sales in Year 1 Were $250,000 and in Year