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Sever21 [200]
3 years ago
14

Assume the following cost of goods sold data for a company: 2017: $1,700,000 2016: 1,400,000 2015: 1,200,000 2014: 1,000,000 If

2015 is the base year, the percentage increase in cost of goods sold from 2015 to 2017 is closest to Select one: a. 25% b. 71% c. 21% d. 42% e. 29%
Business
1 answer:
WITCHER [35]3 years ago
3 0

Answer:

d. 42%  

Explanation:

The percentage increase in cost of goods sold is calculated as:

⇒ <u>Current Year</u> - 1

     Base Year

,⇒ <u>1,700,000</u> - 1

     1,200,000

⇒ 41.66% or 42%.

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