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?

Answers

  1. 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%.
    Find more on percentages at: https://brainly.com/question/843074
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