Assume the Following Cost of Goods Sold Data for a Company

question 30

Multiple Choice

Assume the following cost of goods sold data for a company: $$\begin{array} { r r } 2015 & \$ 1,680,000 \\2014 & 1,400,000 \\2013 & 1,200,000\end{array}$$ If 2013 is the base year, what is the percentage increase in cost of goods sold from 2013 to 2015?

• A) 140%
• B) 40%
• C) 23%
• D) 17%

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Definitions:

Amalienburg

A small hunting lodge in the Nymphenburg Palace Park, Munich, Germany, noted for its elaborate Rococo architecture.

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