Answered

g Assume the following sales data for a company: Current year $764,442 Preceding year $509,074 What is the percentage increase in sales from the preceding year to the current year? Select the correct answer. 50.16% 150.16% 33.41% 66.59%

Answer :

skyluke89

Answer:

50.16%

Explanation:

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

[tex]\frac{P_c-P_p}{P_p}\cdot 100[/tex]

where:

[tex]P_c[/tex] is the sale for the current year

[tex]P_p[/tex] is the sale for the preceding year

From the sales data of this problem, we have:

[tex]P_c=\$764,442[/tex] (current year)

[tex]P_p=\$509,074[/tex] (preceding year)

Therefore, the percentage increase in sales is:

[tex]\frac{764,442-509,074}{509,074}\cdot 100=50.16\%[/tex]

Other Questions