Assume the following sales data for a company:

Assume the following sales data for a company:

b. 30% Explanation: The computation of the percentage increased in sales from the previous year to the current year is shown below: = (Current year Sale – Preceding year Sale) ÷ (Preceding year Sale
) = ($325,000 – $250,000) ÷ ($250,000) = ($75,000) ÷ ($250,000) = 30% Hence, the correct option is b. 30% We simply applied the above formula to determine the percentage increased in sales

increase percentage = 75,000 / 250,000 × 100 = 30 % Increase

Also Read :   At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales $ 915,000 Credit sales 315,000

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