Assume the following cost of goods sold data for a company
Question - Assume the following cost of goods sold data for a company:
2014 $1,704,000
2013 1,400,000
2012 1,200,000
If 2012 is the base year, what is the percentage increase in cost of goods sold from 2012 to 2014?
85.7%
70.4%
42%
117%
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