Question

If sales are $1,081,000 in 2019 and this represents a 15% increase over sales in 2018, what were sales in 2018?

Answer 1

Sales of 2018 amounts to $940,000

Step-by-step explanation:

When the sales in the year 2019 is $1,081,000 and this sales represent 15% increase then the sales of 2018 is computed as.

= Sales of 2019 / 115 × 100

= $1,081,000 / 115 × 100

= $940,000

So, the sales of the year 2018 is $940,000

Working Note:

= (100 + 15)%

= 115%