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3 years ago

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In the current year Aveeno reported net income of $50,400which was a 12% increase over prior year net income Compute prior year

net income

1 answer:

Zigmanuir [339]3 years ago

4 0

Answer:

$45000

Step-by-step explanation:

Given data

Net income =$50,400

Let the prior year income be x

12/100*x +x= 50400

0.12x+x= 50400

1.12x= 50400

x= 50400/1.12

x= $45000

Hence the prior year income is $45000

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