Question

This year, a small business had a total revenue of $ 62,100 . If this is 15 % more than their total revenue the previous year, what was their total revenue the previous year?

Answer 1

Answer:

Their total revenue the previous year was $54,000.

Step-by-step explanation:

This question can be solved by a simple rule of three.

This year revenue was $62,100. It was 15% more than last year, so 115% = 1.15 of last year. How much was the revenue last year, that is, 100% = 1?

62,100 - 1.15

x - 1

$1.15x = 62100$

$x = \frac{62100}{1.15}$

$x = 54000$

Their total revenue the previous year was $54,000.