Assume the following sales data for a company: 2015 $910,000 2014 $770,000 2013 700,000 If 2013 is the base year, what is the percentage increase in sales from 2013 to 2014? Question 7 options: 130% 110% 30% 10%

The percentaje increase in sales is 10%

Explanation:

To calculate the percentage increase in sales from 2013 to 2014 yo need to calculate the differential in sales from year to year using 2013 as a base.

You need to use the following formula:

Sales differential: [ (year1-year0) / year0]*100

In this exercise:

Sales differential = [ (770-700) / 700]*100=10%

2014 sales increased by 10% compared to 2013 sales.