this year, a small business had a total revenue of $53,200. if this is 33% more than their total revenue the…

this year, a small business had a total revenue of $53,200. if this is 33% more than their total revenue the previous year, what was their total revenue the previous year?

this year, a small business had a total revenue of $53,200. if this is 33% more than their total revenue the previous year, what was their total revenue the previous year?

Answer

Explanation:

Step1: Let previous - year revenue be $x$.

This year's revenue is 33% more than last year's, so this year's revenue is $x+(0.33x) = 1.33x$.

Step2: Set up the equation.

We know this year's revenue is $53200$, so $1.33x = 53200$.

Step3: Solve for $x$.

$x=\frac{53200}{1.33}=40000$.

Answer:

$40000$