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?

Algebra ->  Percentage-and-ratio-word-problems -> 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?      Log On


   

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) About Me  (Show Source):
You can put this solution on YOUR website!
 

Hi,

How much highlight_green%28x%29did it cost publishers last year?

 x + .117x = $22M

  x = $22M/1.117