Question

This year, a small business had a total revenue of $14,600. If this is 27% less than their total revenue the previous year, what was their total revenue the previous year?

Answer 1

Given:

The total revenue of this year = $14,600

This year revenue is 27% less than their total revenue in the previous year.

To find:

The total revenue in the previous year.

Solution:

Let x be the total revenue of the previous year.

This year revenue is 27% less than their total revenue the previous year.

Revenue in this year = Revenue in previous year - 27% of it

$14600=x-\dfrac{27}{100}x$

$14600=x-0.27x$

$14600=0.73x$

Divide both sides by 0.73.

$\dfrac{14600}{0.73}=x$

$20,000=x$

Therefore, the total revenue in the previous year is $20,000.