Raiz3am5ojoWJord Raiz3am5ojoWJord
  • 13-03-2017
  • Business
contestada

Smartshop's profits have been growing at 5% per year. this year their profits were approximately $500,000. what were their profits last year?

Respuesta :

eehore
eehore eehore
  • 13-03-2017
if 1.05x = 500 000 
where x is the previous year's profit 

x = 500 000 / 1.05 
x = $467190
Answer Link

Otras preguntas

What regions of the world have the highest levels of population density?
The price elasticity of demand measures how much a. quantity demanded responds to a change in price. b. quantity demanded responds to a change in income. c.
Complete the statements and then calculate the change in consumption. The consumption function shows the relationship between consumption spending and The slope
PLEASE HELP! HURRY! What is a capital gain on an investment? Money that you are paid as a result of owning stock in a company that is earning a profit An increa
Suppose that R1={(2,2),(2,3),(2,4),(3,2),(3,3),(3,4)}, R2={(1,1),(1,2),(2,1),(2,2),(3,3),(4,4)}, R3={(2,4),(4,2)} , R4={(1,2),(2,3),(3,4)}, R5={(1,1),(2,2),(3,3
Last month, Carmen paid a gas and electricity utility bill of $75. The electricity part of the bill was $35. Write the ratio of the payment for gas to the payme
100 POINTS AND BRAINLIEST PLEASE HELP ASAP!!!!! Why has improved communication been so important to economic growth? A. he sale of telephones in the 1900s added
Which lists all the integer solutions of the equations |x| = 10? A) -10 only B) 0 and 10 C) 10 only D) -10 and 10
which quadratic equation fits the data in the table? x -5,-2,-1,0,3,4,6 y 33,9,5,3,9,15,33
Was the American civil war invevitable ?