Math Problem Statement
This year, a small business had a total revenue of . If this is more than their total revenue the previous year, what was their total revenue the previous year?
Solution
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Math Problem Analysis
Mathematical Concepts
Algebra
Percentage Increase
Revenue Calculation
Formulas
Previous Year's Revenue = Current Year's Revenue / (1 + Percentage Increase)
Theorems
Proportional Relationships
Basic Percentage Formula
Suitable Grade Level
Grades 8-10
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