How much revenue was made from Retail and Wholesale Sales last year?

If the total revenue this year is 0.5% lower than than last year, how much revenue was made from Retail and Wholesale Sales last year?

a)$37,690 b) $41,040 c) $41,270 d) $41,460 e) $43, 420

Total Revenue this year: $75, 000

Revenue Retail this year: 30%
Revenue Wholesale this year: 20%

Revenue Retail last year:20%
Revenue Wholesale last year: 30%

Ive tried to answer the question but need help can you show your workings out please thank you

We know that THe revenue this year is $75 000, and we now that this is 0.5% less than last year, which means it’s 100 – 0.5 = 99.5% of last year’s revenue.
In order to find what 100% of las year’s revenue was you divide by 99.5 then multiply by 100:

(75 000/99.5)*100 = $75 376.88

Then we know that 20% of lst year’s revenue came from Retail.
20% of 75 376.88 is:
(20/100)*(75 376.88) = 15 075.38
So they made $15 075.38 in retail revenue last year.

30% of the revenue was wholesale, so they made:
(30/100)*(75 376.88) = 22 613.06
$22 613.06 in wholesale revenue last year.

THe total amount made from retail and wholesale, then, was:
22 613.06 + 15 075.38 = 37 688.44, or about $37 690

One thought on “How much revenue was made from Retail and Wholesale Sales last year?
  1. We know that THe revenue this year is $75 000, and we now that this is 0.5% less than last year, which means it’s 100 – 0.5 = 99.5% of last year’s revenue.
    In order to find what 100% of las year’s revenue was you divide by 99.5 then multiply by 100:

    (75 000/99.5)*100 = $75 376.88

    Then we know that 20% of lst year’s revenue came from Retail.
    20% of 75 376.88 is:
    (20/100)*(75 376.88) = 15 075.38
    So they made $15 075.38 in retail revenue last year.

    30% of the revenue was wholesale, so they made:
    (30/100)*(75 376.88) = 22 613.06
    $22 613.06 in wholesale revenue last year.

    THe total amount made from retail and wholesale, then, was:
    22 613.06 + 15 075.38 = 37 688.44, or about $37 690References :

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