Question

midtown antiques has found that sales have decreased 5% from last year. sales this year are $102,488. to the nearest dollar, find the amount of last year's sales.a.$108,882c.$107,872b.$107,882d.$107,782

Answer 1

The amount of last year's sales is:

$107,882

Explanation:

We are given that:

Midtown antiques has found that sales have decreased 5% from last year. Sales this year are $102,488.

we have to find the amount of last year's sales.

Let sales last year be x.

then 95% of x= 102488

⇒
`(95)/(100)* x = 102488\\\\x= (102488* 100)/(95)\\ \\x=107882.10`

⇒ x≈ 107882

Hence, correct option is:

b. $107,882

Answer 2

percent change = 100 - 5 = 95%
95%=$102,488
1% =$102,488/95
100%= ($102,488/95)x 100% = $ 107882.10