SOLUTION: Yearly profit In news reports ,profits of a company this year (T)are often compared with those of last year(L) ,but actual values of T and L are not always given this yea

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: Yearly profit In news reports ,profits of a company this year (T)are often compared with those of last year(L) ,but actual values of T and L are not always given this yea      Log On


   

Question 153172This question is from textbook introductory mathematical analysis , for business ,economics and the life and social science
: Yearly profit
In news reports ,profits of a company this year (T)are often compared with those of last year(L) ,but actual values of T and L are not always given this year, a company had profit of$25 million more than last year .The profits were up 30%.Determine T and L from these data.
I would appreciate it if you guide me through this problem. Thank you
This question is from textbook introductory mathematical analysis , for business ,economics and the life and social science

Answer by oscargut(2103) About Me  (Show Source):
You can put this solution on YOUR website!
25000000=0.3T (beacause 25000000 is the 30$ of T)
then
+T=83333333
then
L=T%2B25000000=108333333