Assume the Following Sales Data for a Company: If

question 171

Multiple Choice

Assume the following sales data for a company: If 2013 is the base year, what is the percentage increase in sales from 2013 to 2015?

• A)100%
• B)61.5%
• C)46.2%
• D)68.4%

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Definitions:

Contribution Margin

The amount remaining from sales revenue after variable expenses have been subtracted, contributing to covering fixed costs and generating profit.

Special Motors

Custom-designed or specialized engines or motors that meet specific requirements not met by standard off-the-shelf products.

Standard Motor

A reference to a typical or commonly used engine or motor in various applications, often considered a benchmark.

Maximum Price

The highest price a consumer is willing to pay for a good or service or the highest price that can be charged in a market.