Question

This year, a small business had a total revenue of $40,700. If this is 26% less than their total revenue the previous year, what was their total revenue the previous year?

Answer 1

26% less than a value is best found by multiplying by (100 - 26)% = 74% = 0.74
So previous year x 0.74 = 40,700
Previous year = 40,700 / 0.74 = $55,000