Question

A local grocer cut his marketing budget by 38% last year. He spent only $650 on marketing this year and is happy with his decision. How much did the grocer spend on marketing last year?

Answer 1

the amount the grocer spend on marketing last year = $ 1048.38

Explanation:

To find the budget we will subtract the current marketing budget number from 100

As 38% = 0.38

i.e, 100 - 0.38= 0.62

Now divide the previous year budget amount percentage found by the amount spent this year

=650 / 0.62

= 1048.38