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In? 2020, net sales were $1,500,000 and in? 2021, net sales were $1,750,000
In? 2020, net sales were $1,500,000 and in? 2021, net sales were $1,750,000. The percent change is calculated by dividing? _______.
A.
$1,500,000 by $1,750,000
B.
$250,000 by $1,500,000
C.
$250,000 by $1,750,000
D.
$1,750,000 by
Expert Solution
Percentage change = (Sales in 2021 - Sales in 2020) / Sales in 2020
= ($1,750,000 - $1,500,000) / $1,500,000
= $250,000 / $1,500,000
= 16.67%
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