Question

So far this year, the average monthly revenue at Lexington Times is 50,711. That is 5% less than the monthly average was last year. What was the average last year

Answer 1

53,380 was the average last year .

Explanation:

Here we have , So far this year, the average monthly revenue at Lexington Times is 50,711. That is 5% less than the monthly average was last year. We need to find that What was the average last year . Let's find out:

Let the monthly average was last year be x , According to question the average monthly revenue at Lexington Times is 50,711 but , That is 5% less than the monthly average was last year . Following equation for above scenario is :

⇒
`x-(5(x))/(100)=50711`

⇒
`(100x-5x)/(100)=50711`

⇒
`(95x)/(100)=50711`

⇒
`(95x(100))/(100(95))=(50711(100))/(95)`

⇒
`x=(50711(100))/(95)`

⇒
`x=53380`

Therefore , 53,380 was the average last year .