Question

This year a small business had a total revenue of $36,300. If this is 34% less than the total revenue the previous year, what was the total revenue the previous year?

Answer 1

$55,000

Explanation:

The previous year's total revenues is definitely MORE THAN 36,300.

Let previous year's revenue be y

So we can say:

36,300 IS 34% LESS THAN y

Note: 34% means 0.34

THis in equation would be translated as:

36,300 = y - 0.34(y)

Solving, we get:

36,300 = y - 0.34y

36,300 = 0.66y

y = 36,300/0.66

y = 55,000

Hence, last year's total revenue was $55,000