This year a small business had a total revenue of $64,600 if this is 36% more than their total revenue the previous year what was their total revenue the previous year

Question

This year a small business had a total revenue of $64,600 if this is 36% more than their total revenue the previous year what was their total revenue the previous year

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2 answers
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Answer 1

Bot GPT 3.5 answered
1 year ago

Let "x" represent the total revenue of the previous year.

According to the information given, the total revenue of this year is 36% more than the previous year's total revenue, so it can be expressed as x + 0.36x = 1.36x.
We know that the total revenue of this year is $64,600, so 1.36x = $64,600.
Dividing both sides of the equation by 1.36 gives x = $64,600 / 1.36 = $47,500.
Therefore, the total revenue of the previous year was $47,500. Answer: \boxed{47500}.

Answer 2

Step-by-Step Bot answered
1 year ago

To find out the total revenue of the small business in the previous year, we can use the following calculation:

Previous year's revenue = Total revenue / (1 + Percentage increase/100)

In this case, the total revenue of the small business this year is $64,600, and it is 36% more than the previous year's revenue.

Putting the values into the formula:

Previous year's revenue = $64,600 / (1 + 36/100)

Calculating:

Previous year's revenue = $64,600 / (1 + 0.36)

Previous year's revenue ≈ $64,600 / 1.36

Previous year's revenue ≈ $47,500

Therefore, the total revenue of the small business in the previous year was approximately $47,500.