Math Problem Statement
The sales of new cars at a dealership increased by 4% this year to 500. Find the number of sales the previous year.
Solution
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Math Problem Analysis
Mathematical Concepts
Percentage Increase
Algebra
Formulas
x + 0.04x = 500
1.04x = 500
x = 500 / 1.04
Theorems
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Suitable Grade Level
Grades 6-8