Question

The total sales at Office Products this year are $713,340, which is 35% more than last year’s sales. What is the amount of last year’s sales?

Answer 1

Answer:

The amount of total sales last year was $ 528,400

Step-by-step explanation:

1. Let's review the information given to us to answer the question correctly:

Total sales at office products this year = $ 713,340

Growth rate year over year = 35%

2. What is the amount of last year’s sales?

Let's use the Rule of Three Simple to find out the answer, as follows:

Total Sales             Percentage

713,340 (This year)    135%

x (Last year)               100%

x * 135 = 713,340 * 100

135x = 71'334,000

x = 71'334,000/135

x = 528,400 (Rounding to the next whole number)