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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 :

13-03-2017

if 1.05x = 500 000
where x is the previous year's profit

x = 500 000 / 1.05
x = $467190

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