PATTYS BAKER HAS A COST OF GOODS SOLD FOR THE YEARS 2011,2010,AND 2009
RESPECTIVELY , OF $28,600,$26,900. AND $25,600. IF 2009 IS THE BASE YEAR, THE TREND PERCENTAGE FOR 2011 IS?
To find the trend percentage for 2011, we need to compare the cost of goods sold for 2011 with the base year (2009) and calculate the percentage change. Here's how you can do it:
1. Calculate the dollar change in cost of goods sold between 2009 and 2011:
Dollar Change = Cost of Goods Sold for 2011 - Cost of Goods Sold for 2009
= $28,600 - $25,600
= $3,000
2. Calculate the percentage change in cost of goods sold between 2009 and 2011:
Percentage Change = (Dollar Change / Cost of Goods Sold for 2009) * 100
= ($3,000 / $25,600) * 100
To find the trend percentage for 2011, substitute the values into the formula and calculate:
Percentage Change = (3,000 / 25,600) * 100
= 0.1171875 * 100
= 11.72%
Therefore, the trend percentage for 2011 is approximately 11.72%.