question archive A wireless network predicts that sales will increase by 110% this upcoming year
A wireless network predicts that sales will increase by 110% this upcoming year
Subject:StatisticsPrice:2.87 Bought7
A wireless network predicts that sales will increase by 110% this upcoming year. If the sales are projected to be $16,000 in the future, what were they in the past?
Purchase A New Answer
Custom new solution created by our subject matter experts
GET A QUOTE
Answer Preview
Answer:
7619.048 dollars
Step-by-step explanation
Let the sales be x in the past
so according to the prediction we have sales = ?(1+110/100?)x=(1+1.1)x=2.1x?
and it is given that the sales are = 16000 dollars
so ?2.1x=16000? --> ?x=16000/2.1?=7619.0476≈7619.048? dollars
