Answer:
Their total revenue the previous year was $54,000.
Step-by-step explanation:
This question can be solved by a simple rule of three.
This year revenue was $62,100. It was 15% more than last year, so 115% = 1.15 of last year. How much was the revenue last year, that is, 100% = 1?
62,100 - 1.15
x - 1
[tex]1.15x = 62100[/tex]
[tex]x = \frac{62100}{1.15}[/tex]
[tex]x = 54000[/tex]
Their total revenue the previous year was $54,000.
