Assume the following sales data for a company: 2023 $980,000 2022 875,000 2021 700,000 If 2021 is the base year, what is the percentage increase in sales from 2021 to 2022

Respuesta :

Based on the sales we observe in 2021 and those in 2022, the percentage increase in sales is 25%.

In 2021, the company had sales of 700,000.

In 2022 this went to 875,000.

The percentage increase is:

= (Sales in 2022 - Sales in 2021) / Sales in 2021 x 100%

= (875,000 - 700,000) / 700,000 x 100%

= 25%

In conclusion, the sales increased by 25% from 2021 to 2022.

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