Assume the Following Cost of Goods Sold Data for a Company

question 69

Multiple Choice

Assume the following cost of goods sold data for a company: $$\begin{array} { r r } 2017 & \$ 1,704,000 \\2016 & 1,400,000 \\2015 & 1,200,000\end{array}$$ If 2015 is the base year what is the percentage increase in cost of goods sold from 2015 to 2017?

• A) 70.4%
• B) 42%
• C) 85.7%
• D) 117%