Question

This year a small business had a total revenue of 48,300 if this is 38% more than their total revenue the previous year what was the total revenue the previous year

Answer 1

$48,300

100 + 38% = 138% or 1.38

$48,300 / 1.38 = $35,000

Check:

$35,000 * 1.38 = $48,300

$35,000 * .38 = $13,300 (raise) + salary $35,000 = $48,300

Explanation:

Answer 2

35,000 was the total revenue the previous year

Explanation:

Revenue of this year = 48,300

Revenue of the last year = M

38% more than their total revenue the previous year which can be written as:

38% of M = 48,300 - M

0.38 M= 48,300 -M

1.38 M = 48,300

`M=(48,300)/(1.38)=35,000`

35,000 was the total revenue the previous year