Question

After spending $3750 for tables and $3650 for chairs a convention center manager finds that the furniture cost 6% more than last year. Find the amount that he spent last year on tables and chairs.

$6981

$7872

$444

$3883

Answer 1

$6981

Explanation:

Let's find the answer by using the following formula:

(this year cost)=(last year cost)+((last year cost)*(percent increase of cost)) so:

3750+3650=X+0.06X where X=last year cost, then:

7400=1.06X

6981.13=X

In conclusion, last year he spent $6981.