Question 153669This question is from textbook
: yearly profits
In news report ,profits of acompany this year(T) are often compared with those of last year (L),but actual values of of T and L are not always given.This year , a company had profits of $25 million more than last year.The profits were up 30%.Determine T and L from these data.
this is my model of the question please, advise me on my mistake if there is any,thank you
T+25 + L= 30%(T+25 + L)+T+25 + L
This question is from textbook
Answer by scott8148(6628)   (Show Source):
You can put this solution on YOUR website! "a company had profits of $25 million more than last year" __ T=L+25
"The profits were up 30%" __ T=L+(30%)L __ T=1.3L
substituting __ L+25=1.3L __ subtracting L __ 25=.3L __ dividing by .3 __ 250/3=L
substituting __ T=(250/3)+25 __ T=325/3
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