Assume the following sales data for a company:?? $$\begin{array}{lr}\text{ Current year }& \$325,000\\ \text{ Preceding year }& 250,000\end{array}$$ What is the percentage increase in sales from the preceding year to the current year?

A) 70%
B) 76.9%
C) 30%
D) 50%

Percentage Increase

A measure that calculates the growth of a value over a period as a proportion of the earlier value, often expressed as a percentage.

Sales Data

Information and records of the quantity, price, and terms of sales transactions, used for analysis and business planning.

Preceding Year

The year that directly comes before the current year, often used as a reference point for financial analysis or comparison.