Solve the problem.
-Midtown Antiques has found that sales have decreased 2% from last year. Sales this year are $142,929. Find the amount of last year's sales. Round to the nearest dollar.

Question

Quizplus · Accepted Answer

To find last year's sales, we need to undo the 2% decrease from this year's sales. We can start by setting up the equation: 
last year's sales - 0.02(last year's sales) = $142,929 
Simplifying this, we get: 
0.98(last year's sales) = $142,929 
Dividing both sides by 0.98, we get: 
last year's sales = $145,846. 
Rounded to the nearest dollar, this is answer choice D. Let the amount of last year's sales be x. 
According to the problem, we know that: 
x - 0.02x = 142929 
Simplifying and solving for x: 
0.98x = 142929 
x = 146038.7755 
Rounding to the nearest dollar gives us $145,846, which is answer choice D.

Solve the Problem. -Midtown Antiques Has Found That Sales Have Decreased 2% from Decreased