Ash company reported sales of $410,000 for year 1, $460,000 for year 2, and $510,000 for year 3. using year 1 as the base year, what were the percentage increases for year 2 and year 3 compared to the base year

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Business

Ezekiel Robbins

3 July, 17:25

Ash company reported sales of $410,000 for year 1, $460,000 for year 2, and $510,000 for year 3. using year 1 as the base year, what were the percentage increases for year 2 and year 3 compared to the base year

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Cheyenne Hicks · Answer 1

Percentage change can be determined by dividing the change by the quantity of the base year. The base year here is year 1, so we use the value of $410,000 as base price.

Year 2:

Percentage change = ($460,000-$410,000) / $410,000*100 = 12.2%

Year 3:

Percentage change = ($510,000 - $410,000) / $410,000*100 = 24.4%

The percentage change increased doubly.