Question

This year, a small business had a total revenue of $89,700. If this is 38% more than their total revenue the previous year, what was their total revenue the previous year?

Answer 1

The business' total revenue last year was $65,000.

Explanation:

So, if you need to find the previous year's total revenue, you would set up an equation like this:

x + 0.38x = 89,700

I think it would work out something like this:

x + 0.38x = 89,700

1.38x = 89,700

x = 65,000

To check, we would substitute 65,000 into the equation x + 0.38x = 89,700.

x + 0.38x = 89,700

(65,000) + 0.38(65,000) = 89,700

65,000 + 24,700 = 89,700

89,700 = 89,700