Questions: This year, a small business had a total revenue of 48,300. If this is 38% more than their total revenue the previous year, what was their total revenue the previous year?
square
square
Transcript text: This year, a small business had a total revenue of $\$ 48,300$. If this is $38 \%$ more than their total revenue the previous year, what was their total revenue the previous year?
$\$ \square$
$\square$
Solution
Solution Steps
Step 1: Set Up the Equation
Let \( R \) be the total revenue from the previous year. According to the problem, the current year's revenue is \( 38\% \) more than the previous year's revenue. This can be expressed mathematically as:
\[
48300 = R + 0.38R = 1.38R
\]
Step 2: Solve for Previous Year's Revenue
To find \( R \), we rearrange the equation:
\[
R = \frac{48300}{1.38}
\]
Step 3: Calculate the Value
Calculating the value gives:
\[
R \approx 35000.0
\]
Final Answer
The total revenue from the previous year is \\(\boxed{35000}\\).