Question

visa usa stated that over the last year, the number of friday and saturday sales transactions increased 16% to $38.8 million. what were the total sales transactions at this time lasy year? ​

Answer 1

Last year’s sales transaction was $33.448 million

Step-by-step explanation:

Consider the last year’s total sales transaction be x

According to question,

Sales were increased by 16% to 38.8 million

Then, according to question,

x + 16% of x = 38.8 million

Solving for x,

`x + ((16)/(100))x` = 38.8 million

`(116)/(100)x`= 38.8 million

x =
`((38.8 million * 100))/(116)`

x = 33.448 million

Therefore, last year’s sales transaction was $33.448 million

Answer 2

$33.45 million

Step-by-step explanation:

• The transaction increased by 16% between last year and this year.
• This mean that
  `S_1=S_0*{(1+16\%)=S_0*{1.16}` (
  `S_0` are last year sales and
  `S_1` are this year sales. This means that, today's sales are greater than last year sales by a 16%.
• Then,
  `S_0=(S_1)/(1.16) =33.45`.