Assume the following cost of goods sold data for a company


Problem

Assume the following cost of goods sold data for a company:

2018   $1412000
2017   1221000
2016   1021000

If 2016 is the base year, what is the percentage increase in cost of goods sold from 2016 to 2018?

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Accounting Basics: Assume the following cost of goods sold data for a company
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