If this year is 27% more than their total revenue the previous year, the revenue this year is equal to 127% of the previous year revenue. Rewriting this percentage as a decimal, we have:
[tex]127\%=\frac{127}{100}=1.27[/tex]We know that multiplying the previous year revenue by 1.27 will result into this year revenue, therefore, if we divide this year revenue by 1.27 we're going to have our answer:
[tex]\frac{76,200}{1.27}=60,000[/tex]The total revenue of the previous year was $60,000.
