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

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter5: Evaluating Operating And Financial Performance
Section: Chapter Questions
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Assume the following sales data for a company:
2018
$980,000
2017
875,000
2016
700,000
If 2016 is the base year, what is the percentage increase in sales from 2016 to 2017?
a. 125%
b. 25%
C. 140%
d. 40%
Transcribed Image Text:Assume the following sales data for a company: 2018 $980,000 2017 875,000 2016 700,000 If 2016 is the base year, what is the percentage increase in sales from 2016 to 2017? a. 125% b. 25% C. 140% d. 40%
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