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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

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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