sale reports a decrease in sales 7 % from the year before. sales this year are 355000.00 what was sales last year

Question

sale reports a decrease in sales 7 % from the year before.  sales this year are 355000.00 what was sales last year?  The answer is 381720.43 but I cant figure out how

Answer 1

Hi Bonita,

Think of the problem in this way:

The new sales of $355,000 represents a 7% decrease from the previous year. This means that $355,000 is 93% of last years sales (100%-7% = 93%)

So if $355,000 = 93% of last years sales, then last years sales = $355,000 divided by 93%

$355,000 divided by 93% = $381,720.43

Hope that helps

Answer 2

Hi Bonita,

 

Think of the problem in this way:

 

The new sales  of $355,000 represents a 7% decrease from the previous year. This means that $355,000 is 93% of last years sales (100%-7% = 93%)

 

So if $355,000 = 93% of last years sales, then last years sales = $355,000 divided by 93%

 

$355,000 divided by 93% = $381,720.43 

 

Hope that helps