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

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In? 2020, net sales were $1,500,000 and in? 2021, net sales were $1,750,000

Accounting Aug 06, 2020

In? 2020, net sales were $1,500,000 and in? 2021, net sales were $1,750,000. The percent change is calculated by dividing? _______.

$1,500,000 by $1,750,000

$250,000 by $1,500,000

$250,000 by $1,750,000

$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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