Assume the following sales data for a company: Current year $325,000
Preceding year 250,000

What is the percentage increase in sales from the preceding year to the current year?

a. 70%
b. 30%
c. 50%
d. 76.9%

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

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