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Gnesinka [82]
3 years ago
14

Ash company reported sales of $410,000 for year 1, $460,000 for year 2, and $510,000 for year 3. using year 1 as the base year,

what were the percentage increases for year 2 and year 3 compared to the base year
Business
1 answer:
IgorLugansk [536]3 years ago
6 0
Percentage change can be determined by dividing the change by the quantity of the base year. The base year here is year 1, so we use the value of <span>$410,000 as base price.

Year 2:
Percentage change = (</span>$460,000-$410,000)/<span>$410,000*100 = 12.2%

Year 3:
Percentage change = </span>(<span>$510,000</span>-$410,000)/$410,000*100 = 24.4%

The percentage change increased doubly.
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