Question

If year 1 equals $750, year 2 equals$840, and year 3 equals \$900, the percentage to be assigned for year 3 in a trend analysis, assuming that year 1 is the base year is?

1. thuthuy
The percentage to be assigned for year 3 in a trend analysis is 120%.
We need to know about the percent theory first, the percent number is per 100. It can be determined by this formula
Percentage = Last Value / Base Value x 100%
From the question above, we know that :
Base Value = 750
Last Value = 900
Find the increasing percentage by substituting the parameter
Percentage = Last Value / Base Value x 100%
Percentage = 900 / 750 x 100%
Percentage = 120%
Hence, the percentage to be assigned for year 3 in a trend analysis is 120%.
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