Assume the following sales data for a company 2018 2017 2016

Assume the following sales data for a company 2018 2017 2016 $980,000 875,000 700,000 If 2016 is the base year, what is the percentage increase in sales from 2016 to 2017? O a. 125% b.25% c. 140% d. 40%

Solution

Solution: 25%

Working:

=Increase in sales/ base year *100

=175,000/700,000 *100

=25%