These are sample practice MCQs created for exam preparation. These are NOT official exam questions.
LINE CHART: Monthly Sales 2022 ($K) | Jan: 420, Feb: 445, Mar: 485, Apr: 510, May: 495, Jun: 525, Jul: 580, Aug: 595, Sep: 555, Oct: 610, Nov: 725, Dec: 890. PRIOR YEAR DATA shows December 2021 was $780K. What is the December year-over-year growth rate?
Question:
LINE CHART: Monthly Sales 2022 ($K) | Jan: 420, Feb: 445, Mar: 485, Apr: 510, May: 495, Jun: 525, Jul: 580, Aug: 595, Sep: 555, Oct: 610, Nov: 725, Dec: 890. PRIOR YEAR DATA shows December 2021 was $780K. What is the December year-over-year growth rate?
LINE CHART: Monthly Sales 2022 ($K) | Jan: 420, Feb: 445, Mar: 485, Apr: 510, May: 495, Jun: 525, Jul: 580, Aug: 595, Sep: 555, Oct: 610, Nov: 725, Dec: 890. PRIOR YEAR DATA shows December 2021 was $780K. What is the December year-over-year growth rate?
Options
Answer: (B) 14.1%
Explanation:
YoY growth = ($890K - $780K)/$780K = $110K/$780K = 14.1%.
Explanation:
YoY growth = ($890K - $780K)/$780K = $110K/$780K = 14.1%.
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