In 1985 a company sold a brand of shoes to retailers for a fixed price per pair. In 1986 the number of pairs of the shoes that the company sold to retailers decreased by 20 percent, while the price per pair increased by 20 percent. If the company's revenue from the sale of the shoes in 1986 was $3.0 million, what was the approximate revenue from the sale of the shoes in 1985?
I tried to solve it in this way:
Price: 1000 dollars
Quantity: 3000 pieces
3000x1000=3.000.000
0,80(3000)x 1,2(1000)= 2400x1200=2.880.000
But the answer is 3.1 million.
I tried to solve it in this way:
Price: 1000 dollars
Quantity: 3000 pieces
3000x1000=3.000.000
0,80(3000)x 1,2(1000)= 2400x1200=2.880.000
But the answer is 3.1 million.
