In 2005, the Handy Yogurt Shop Had $345,265 in Gross

question 71

Multiple Choice

In 2005, the Handy Yogurt shop had $345,265 in Gross Revenues; in 2006, they had $357,388. What is the percentage change in sales?

• A) -3.39%
• B) 3.39%
• C) -3.51%
• D) 3.51%

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Definitions:

Market Price

The current price at which a good or service can be bought or sold in a given market, determined by supply and demand.

Units

Measurements or quantities of a product or service.

Short-Run Costs

Costs that vary with the level of output in the short term, where at least one factor of production is fixed.

Profitable Level

The point at which a business or operation generates revenue that exceeds its costs, leading to profitability.