Question

So far this year, the average monthly revenue at Lexington Times is 50,711. That is 5% less than the monthly average was last year. What was the average last year

Answer 1

53,380 was the average last year .

Step-by-step explanation:

Here we have , So far this year, the average monthly revenue at Lexington Times is 50,711. That is 5% less than the monthly average was last year. We need to find that  What was the average last year . Let's find out:

Let the monthly average was last year be x , According to question the average monthly revenue at Lexington Times is 50,711 but , That is 5% less than the monthly average was last year . Following equation for above scenario is :

⇒ $x-\frac{5(x)}{100}=50711$

⇒ $\frac{100x-5x}{100}=50711$

⇒ $\frac{95x}{100}=50711$

⇒ $\frac{95x(100)}{100(95)}=\frac{50711(100)}{95}$

⇒ $x=\frac{50711(100)}{95}$

⇒ $x=53380$

Therefore , 53,380 was the average last year .