SOLUTION: Due to increased mailing costs, the new rate will cost publishers $22 million; this is 11.7% more than they paid the previous year. How much did it cost publishers last year?

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Question 843170: Due to increased mailing costs, the new rate will cost publishers $22 million; this is 11.7% more than they paid the previous year. How much did it cost publishers last year?
Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!
 

Hi,

How much did it cost publishers last year?

 x + .117x = $22M

  x = $22M/1.117 

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