This year, a small business had a total revenue of 15300. If this is 32% less than their total revenue the previous year, what was their total revenue the previous year?

To find the total revenue of the previous year, you need to recognize that this year's revenue represents 68% of the previous year's revenue (since it's 32% less).

Let $ R $ represent the revenue from the previous year. According to the problem:

\[
0.68R = 15300
\]

To find $ R $, divide both sides of the equation by 0.68:

\[
R = \frac{15300}{0.68}
\]

Now, let's calculate $ R $:

\[
R = 22500
\]

So, the total revenue the previous year was **$22,500**.

Would you like more details on this solution or have any questions? 

Here are 5 related questions for further practice:

1. If a business had a revenue of $15,300 after a 25% decrease from the previous year, what was the revenue the previous year?
2. How much would the revenue be if the business experienced a 10% increase from the previous year’s revenue of $22,500?
3. A business had a revenue of $22,500, which was 15% more than the year before. What was the revenue the year before?
4. If this year's revenue was $15,300 and it is 40% less than the previous year, what was the previous year's revenue?
5. Calculate the percentage increase if last year's revenue was $15,300 and this year's revenue is $22,500.

**Tip:** When working with percentages, it's important to remember the base from which the percentage is calculated. In this problem, the base was the previous year's revenue, not the current year's revenue.

Learn how to calculate the previous year's revenue when this year's revenue is 32% less. This problem involves using the percentage decrease formula to find the original revenue. Suitable for Grades 7-9.

Math Problem Statement

Solution

Ask a new question for Free

By Image

Math Problem Analysis

Mathematical Concepts

Formulas

Theorems

Suitable Grade Level

Related Recommendation