Last year, the Widget Corporation had $650,000 in sales. This year, sales are
down 4%. How much did the Widget Corporation sell this year?
If sales are down 4%, then the Widget Corporation made 96% of last year's sales.
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To find out how much the Widget Corporation sold this year, you need to calculate the decrease in sales from last year. Here's how you can do it step by step:
Step 1: Calculate the decrease amount:
Since the sales are down 4%, you need to find 4% of the sales from last year.
Decrease amount = 4% of $650,000
To calculate 4% of $650,000, you multiply $650,000 by 0.04 (which is equivalent to 4% in decimal form):
Decrease amount = $650,000 * 0.04
Step 2: Subtract the decrease amount from last year's sales:
To find out how much the Widget Corporation sold this year, subtract the decrease amount from last year's sales.
Sales this year = Last year's sales - Decrease amount
Sales this year = $650,000 - (Decrease amount)
Step 3: Calculate the final answer:
Now, substitute the calculated decrease amount into the equation to get the final answer:
Sales this year = $650,000 - ($650,000 * 0.04)
Simply perform the multiplication and subtraction to get the result:
Sales this year = $650,000 - $26,000
Therefore, the Widget Corporation sold $624,000 this year.