An article reports Sales have grown by 30% this year to $200 million, what were sales before the growth?
1 answer:
Answer:
Price before growth = $ 153.85 million
Step-by-step explanation:
Given:
Percentage = 30%
Rate after Increase =new value= $200 million
To Find:
Sales before growth =old value= ?
Solution:
We Know the formula for Percentage growth which is given by the formula
Percentage growth%
Now let old value = x
So
Difference = New Value - x
= 2000 - x
We have formula
Percentage growth%
Putting in values
30 %%
30
Putting in values
30
multiplying both sides by x
it becomes
30 x = (200-x)*100
Multiplying inside
30 x = 20000 - 100 x
Adding 100 x on both sides
30 x + 100 x = 20000 - 100 x + 100 x
it becomes
130 x = 20000
Dividing both sides by 130
itgives us
x = $ 153.85 million
Price before growth = $ 153.85 million
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