Solve the problem.
-After spending $\$ 2950$ for tables and $\$ 2350$ for chairs a convention center manager finds that the furniture cost $4 \%$ more than last year. Find the amount that he spent last year on tables and chairs. Round your answer to the nearest dollar.
A) $\$ 5521$
B) $\$ 5096$
C) $\$ 2448$
D) $\$ 212$

Question

Quizplus · Accepted Answer

The total spent this year is $2950 + $2350 = $5300. If this represents a 4% increase from last year, then last year's cost was 100% of the cost. Let $x$ be the amount spent last year. We have $x \times 1.04 = 5300$. Solving for $x$ gives $x = \frac{5300}{1.04} = \$5096.15$, which rounds to \$5096.

Solve the Problem $2950\$ 2950$2950 For Tables And $2350\$ 2350$2350 For Chairs a Convention Center Manager Finds That the Furniture

Solve the Problem $\$ 2950$ For Tables And $\$ 2350$ For Chairs a Convention Center Manager Finds That the Furniture