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Assume the following cost of goods sold data for a company: 2018 $1401000 2017 1210000 2016 1025000 If 2016 is the base year, what is
Assume the following cost of goods sold data for a company:
2018 | $1401000 |
2017 | 1210000 |
2016 | 1025000 |
If 2016 is the base year, what is the percentage increase in cost of goods sold from 2016 to 2018?
| 16% |
| 137% |
| 37% |
| 18% |
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