Assume the Following Sales Data for a Company $$\begin{array} { r r } 2022 & \$ 980,000 \\2021 & 875,000 \\2020 & 700,000\end{array}$$

question 120

Multiple Choice

Assume the following sales data for a company: $$\begin{array} { r r } 2022 & \$ 980,000 \\2021 & 875,000 \\2020 & 700,000\end{array}$$ If 2020 is the base year what is the percentage increase in sales from 2020 to 2021?

• A)140%
• B)125%
• C)40%
• D)25%

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Definitions:

Frame Breaks

can refer to interruptions or disconnections in the structural continuity of a building, vehicle, or other objects, often requiring repair or restructuring.

Express Warranty

An explicit promise made by a seller to a buyer regarding the condition, quality, or performance of the goods being sold.

Implied Warranty

A legal presumption that a product will perform as expected, despite no express statement of such quality assurance being made.

Sales Contract

A legal agreement between two parties, where one agrees to buy and the other agrees to sell goods or services under specified terms and conditions.