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What is the percentage increase in cost of goods sold

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Reference no: EM132092368

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

2014 $1,704,000

2013 1,400,000

2012 1,200,000

If 2012 is the base year, what is the percentage increase in cost of goods sold from 2012 to 2014?

85.7%

70.4%

42%

117%

Reference no: EM132092368

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