Assume the following sales data for a company: $$\begin{array} { l r }
\text { Current year } & \$ 1,025,000 \
\text { Preceding year } & 820,000
\end{array}$$
What is the percentage increase in sales from the preceding year to the current year?
A) 100%
B) 25%
C) 125%
D) 75%

Question

Assume the following sales data for a company: $$\begin{array} { l r } 
\text { Current year } & \$ 1,025,000 \
\text { Preceding year } & 820,000
\end{array}$$ 
 What is the percentage increase in sales from the preceding year to the current year?
A) 100%
B) 25%
C) 125%
D) 75%

Quizplus · Accepted Answer

The percentage increase in sales is calculated as $\frac{\text{Current Year Sales} - \text{Preceding Year Sales}}{\text{Preceding Year Sales}} \times 100\% = \frac{1,025,000 - 820,000}{820,000} \times 100\% = 25\%$.

Assume the Following Sales Data for a Company Current year $1,025,000 Preceding year 820,000\begin{array} { l r } \text { Current year } & \$ 1,025,000 \\\text { Preceding year } & 820,000\end{array} Current year Preceding year ​$1,025,000820,000​

Assume the Following Sales Data for a Company $\begin{array} { l r } \text { Current year } & \$ 1,025,000 \\\text { Preceding year } & 820,000\end{array}$