SOLUTION: Due to increased mailing costs, the new rate will cost publishers $50 million; this is 12.5% 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 $50 million; this is 12.5% more than they paid the previous year. How much did it cost publishers last year?      Log On


   



Question 946953: Due to increased mailing costs, the new rate will cost publishers $50 million; this is 12.5% more than they paid the previous year. How much did it cost publishers last year?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
50/1.125=44.44 million