Sales are 25 million in 2011 26 million in 2012 and 24, Finance Basics

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Sales are 25 million in 2011 26 million in 2012 and 24

Question: 1. Sales are $2.5 million in 2011, $2.6 million in 2012, and $2.4 million in 2013. What is the percentage change from 2011 to 2012? What is the percentage change from 2012 to 2013? Be sure to indicate whether the percentage change is an increase or a decrease.

2. If sales are $1,026,000 in 2013 and this represents a 14% increase over sales in 2012, what were sales in 2012?

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Finance Basics: Sales are 25 million in 2011 26 million in 2012 and 24

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