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Assume the following sales data for a company: 2023 $966000 2022 871000 2021 696800 If 2021 is the base year, what is the percentage increase in sales from 2021 to 2022?
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Assume the following sales data for a company: 2023 $966000 2022 871000 2021 696800 If 2021 is the base year, what is the percentage increase in sales from 2021 to 2022?

User SlugFiller
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5 votes

Answer:

Percentage increase in sales = 25%

Step-by-step explanation:

Percentage increase in sales = Sales for 2022 - Sales for 2021/Sales for 2021

Percentage increase in sales = $871000 - $696800 / $696800

Percentage increase in sales = $174200 / $696800

Percentage increase in sales = 0.25

Percentage increase in sales = 25%

User Sobigen
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