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Assume the following cost of goods sold data for a company: 2018 $1410000 2017 $1207000 2016 $1008000 If 2016 is the base year, what is

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

2018 $1410000

2017 $1207000

2016 $1008000

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

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