question archive Assume the following cost of goods sold data for a company: 2014: $1,704,000 2013: $1,400,000 2012: $1,200,000 If 2012 is the base year, what is the percentage increase in cost of goods sold from 2012 to 2014? a) 85
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Assume the following cost of goods sold data for a company:
2014: $1,704,000
2013: $1,400,000
2012: $1,200,000
If 2012 is the base year, what is the percentage increase in cost of goods sold from 2012 to 2014?
a) 85.7%
b) 70.4%
c) 42%
d) 117%