Question

If sales are $1,150,000 in 2016 and this represents a 15% increase over sales in 2015, what were sales in 2015?

Answer 1

Take $1,150,000 multiply by 15% to get the money increase between 1 years which is $172500 then take $1,150,000 subtract by $172,500 to get the final sales in 2015 which is $977,500