This year, a small business had a total revenue of 89,700 . If this is 38% more than their total revenue the previous year, what was their total revenue the previous year?
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austincherry 7 months ago
Светило науки - 22 ответа - 0 помощи

Answer:

Revenue was 55,614 the year before

Step-by-step explanation:

Decay Formula: y = a*(1-r)^x

So:

y = 89700 * (1-0.38)^1

y = 55614

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jdoe0001 7 months ago
Светило науки - 6644 ответа - 0 помощи

well, their total revenue last year was "x", which oddly enough is 100%.  Now, this year's revenue is 38% more than that, well, 100% + 38% = 138%, and we also know that it's 89700, so

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