Percentage of increase in turnover over the last year is calculated as:
Answer & explanation
Correct answer: option 1
The correct answer is option 1- Absolute increase in turnover x 100/turnover of the last year.
The percentage increase in turnover over the last year is calculated using the following formula:
Percentage increase = Absolute increase in turnover/ Turnover of the last year x 100.
The percentage increase in any item is calculated as follows- Absolute Increase or Decrease /Previous Year Absolute Figure x 100.