Question

Midtown antiques ha found that sales have decreased 2% from last year.sales this year are $178,716.find the amount of last years sale

Answer 1

100 - 2% = 98%

Equate 98% with the sales this year:

98% = $178,716

Find 1%:

1% = 178,716 ÷ 98 = 1823.6327

Find 100%:

100% = 1823.6327 x 100 = $182,363.27

Answer: $182363.27

Answer 2

Last year sales were about 182363.26$.

If the sales have decreased by 2%, it means that this year sales are 98% of previous year ones. So, we're looking for a number whose 98% is 178716. In formulas:

`(98)/(100) x = 178716 \implies x = 178716(100)/(98) = 182363.26`