G Assume the following sales data for a company: Current year $764,442 Preceding year $509,074 What is the percentage increase in sales from the preceding year to the current year? Select the correct answer. 50.16% 150.16% 33.41% 66.59%

50.16%

Explanation:

The percentage increase in sales from the preceding year to the current year can be calculated as:

where:

is the sale for the current year

is the sale for the preceding year

From the sales data of this problem, we have:

(current year)

(preceding year)

Therefore, the percentage increase in sales is:

answer; niosh, the national institute for occupational safety and health;

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