Question

visa usa stated that over the last year, the number of friday and saturday sales transactions increased 16% to $38.8 million. what were the total sales transactions at this time lasy year? ​

Answer 1

Answer:

$33.45 million

Step-by-step explanation:

• The transaction increased by 16% between last year and this year.
• This mean that $S_1=S_0\times{(1+16\%)=S_0\times{1.16}$ ($S_0$ are last year sales and $S_1$ are this year sales. This means that, today's sales are greater than last year sales by a 16%.
• Then, $S_0=\frac{S_1}{1.16} =33.45$.

Answer 2

Answer:

Last year’s sales transaction was $33.448 million

Explanation:

Consider the last year’s total sales transaction be x

According to question,

Sales were increased by 16% to 38.8 million

Then, according to question,

x + 16% of x = 38.8 million

Solving for x,

$x + (\frac{16}{100})x$ = 38.8 million

$\frac{116}{100}x$= 38.8 million

x = $\frac{(38.8 million \times 100)}{116}$

x = 33.448 million

Therefore, last year’s sales transaction was $33.448 million