Ace electronics had sales of $1,000,000 in 2021 and sales of $1,040,000 in 2022. the percentage increase in sales was: 4%
Percentage increase =
($1,040,000 - 1,000,000)/$1,000,000) x 100 = 4%
How is sales growth determined?
To start, subtract the net sales of the prior period from those of the current period. Next, divide the outcome by the prior period's net sales. To get the % sales growth, multiply the figure by 100.
(Net sales this period – net sales prior period) / net sales prior period * 100
It is important to calculate sales growth
This formula can produce either a positive or a negative integer as the outcome. If the figure is positive, your sales revenue is increasing. For obvious reasons, this is ideal, but it's also crucial to consider the percentage itself; the greater the number, the better your organization is performing.
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