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lakkis [162]
3 years ago
14

g Assume the following sales data for a company: Current year $764,442 Preceding year $509,074 What is the percentage increase i

n sales from the preceding year to the current year? Select the correct answer. 50.16% 150.16% 33.41% 66.59%
Business
1 answer:
IgorLugansk [536]3 years ago
5 0

Answer:

50.16%

Explanation:

The percentage increase in sales from the preceding year to the current year can be calculated as:

\frac{P_c-P_p}{P_p}\cdot 100

where:

P_c is the sale for the current year

P_p is the sale for the preceding year

From the sales data of this problem, we have:

P_c=\$764,442 (current year)

P_p=\$509,074 (preceding year)

Therefore, the percentage increase in sales is:

\frac{764,442-509,074}{509,074}\cdot 100=50.16\%

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