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Profit by increasing overall sales

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The president of a company realized the company can increase my sales by 15% and in the upcoming year make over $35, 000,000.00 in sales overall. Previous sales slipped 4% the previous year and had to pay a fine of $4.4 million to the Federal Government. Given this information how much did the company make in the previous year?

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Solution Preview

Step 1:

Let x be the sales the company made during the previous year. This is the base year at 100%.

If they increased the sales by 15%, the company would make over $35, 000,000.00 in sales next ...

Solution Summary

This solution answers how much did the company make in the previous year.

$2.19