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Gerard Company reported sales of $300,000 for 201 0; $330,000 for 2011; and $360,000 for 2012. If the company uses 2010 as the base year, what were the percentage increases for 2011 and 2012 compared to the base year

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Answer:

%variation 2011= 10%

%variation 2012= 20%

Explanation:

Giving the following information:

Gerard Company reported sales of $300,000 for 2010; $330,000 for 2011; and $360,000 for 2012.

The percentual variation is calculated by the following formula:

%variation(2010 year base)= [(sales 1 - sales 0)/sales 0]*100

%variation 2011= [(330,000 - 300,000)/300,000]*100= 10%

%variation 2012= [(360,000 - 300,000)/300,000]*100= 20%

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