Need help with this general accounting question Consider the following sales data for a particular company:2013 $1,200,0002012 960,0002011 840,0002010 600,000If 2010 is the base year, what is the percentage increase in sales from 2010to 2012?a. 100%b. 160%c. 70%d. 60%

Step 1: Define SalesIn accounting, the sale is an essential operation performed and done by the firm…

Answered: Consider the following sales data for a…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Consider the following sales data for a particular company: 2013 $1,200,000 2012 960,000 2011 840,000 2010 600,000 If 2010 is the base year, what is the percentage increase in sales from 2010 to 2012? a. 100% b. 160% c. 70% d. 60%