Assume the Following Cost of Goods Sold Data for a Company

question 146

Multiple Choice

Assume the following cost of goods sold data for a company:
2011 $1,500,000
2010 1,200,000
2009 1,000,000
If 2009 is the base year, what is the percentage increase in cost of goods sold from 2009 to 2011?

• A) 150%
• B) 50%
• C) 67%
• D) 33%