Assume the following sales data for a company: Current year $802,123 Preceding year 551,454 What is the percentage increase in sales from the preceding year to the current year (rounded to one decimal place)? O a. 45.5% Ob. 31.3% O c. 76.7% O d. 14.2%

Assume the following sales data for a company: Current year $802,123 Preceding year 551,454 What is the percentage increase in sales from the preceding year to the current year (rounded to one decimal place)? a. 45.5% b. 31.3% c. 76.7% d. 14.2%