If year one sales equal $800,000, year two equal $840,000 and year three equals $896,000 the percentage to be assigned for year two in a sales trend analysis, assuming that year 1 is the base year, is
A) 100%
B) 89%
C) 105%
D) 112%

Question

Quizplus · Accepted Answer

The percentage for year two in a sales trend analysis, with year one as the base year, is calculated by dividing the year two sales by year one sales and then multiplying by 100. So, for year two: ($840,000 / $800,000) * 100 = 105%.

If Year One Sales Equal $800,000, Year Two Equal $840,000