document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=319056>Question 319056</A>: <I><SPAN STYLE=\"word-break: break-all;\"> if the tax bill for this year was 20000 which was an increase of 25% from last year, how much was paid out on expenses last year? \r<BR>\n" );
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document.write( "Last year 25% was spent on taxation and 12.5% on expenses<BR>\n" );
document.write( "This year 25% was spent on taxation and 10% on expenses </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #228413 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=228413\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Last year 25% of revenue was spent on taxes and 12.5% of revenue was spent on expenses.\r<BR>\n" );
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document.write( "This year taxes were $20,000 which was a 25% increase over last year.\r<BR>\n" );
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document.write( "This means that last year taxes were $20,000 / 1.25 = $16,000.\r<BR>\n" );
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document.write( "Since 25% of revenue was spent on taxes, this means that Revenue last year had to be $16,000 / .25 = $64,000\r<BR>\n" );
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document.write( "Since 12.5% of revenue was spent on expenses, this means that Expenses last year had to be $64,000 * .125 = $8,000\r<BR>\n" );
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document.write( "Figures for last year are:\r<BR>\n" );
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document.write( "Revenue was $64,000<BR>\n" );
document.write( "Taxes were $16,000<BR>\n" );
document.write( "Expenses were $8,000\r<BR>\n" );
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document.write( "16/64 = .25 = 25% of revenue was for taxes.<BR>\n" );
document.write( "8/64 = .125 = 12.5% of revenue was for expenses.\r<BR>\n" );
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document.write( "Answer to your question is $8,000\r<BR>\n" );
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