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A newspaper reporter says that a company made 700,000 profit last year it says this was 12% more then the year before . Work out how much profit the company made the year before…

A newspaper reporter says that a company made 700,000 profit last year it says this was 12% more then the year before . Work out how much profit the company made the year before…
asked 54.3k views
5 votes
A newspaper reporter says that a company made 700,000 profit last year it says this was 12% more then the year before . Work out how much profit the company made the year before

asked
User TomKraljevic
by
8.7k points

1 Answer

5 votes

Answer:

625000

Explanation:

x+12%= 700000

x*1.12=700000

x=700000/1.12

x=625000

answered
User Philipp Merkle
by
7.8k points
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