SOLUTION: The average cost of a 1 minute commercial on a leading network channel was $165,000 in the fall of 1999. This was a 6% decrease from the cost a year earlier. What was the cost of a

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Question 908283: The average cost of a 1 minute commercial on a leading network channel was $165,000 in the fall of 1999. This was a 6% decrease from the cost a year earlier. What was the cost of a 1 minute commercial on the channel in the fall of 1998?
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Let +c+ = the cost of a 1 min commercial in 1998
+c+-+.06c+=+165000+
+.94c+=+165000+
+c+=+175531.91+
The cost in the fall of 1998 was
$175,531.91