Question

This year, a small business had a total revenue of $14,600. If this is 27% less than their total revenue the previous year, what was their total revenue the previous year?

Answer 1

Given:

The total revenue of this year = $14,600

This year revenue is 27% less than their total revenue in the previous year.

To find:

The total revenue in the previous year.

Solution:

Let x be the total revenue of the previous year.

This year revenue is 27% less than their total revenue the previous year.

Revenue in this year = Revenue in previous year - 27% of it

`14600=x-(27)/(100)x`

`14600=x-0.27x`

`14600=0.73x`

Divide both sides by 0.73.

`(14600)/(0.73)=x`

`20,000=x`

Therefore, the total revenue in the previous year is $20,000.