visa usa stated that over the last year, the number of friday and saturday sales transactions increased 16% to $38.8 million. what were the total sales transactions at this time lasy year?
Accepted Solution
A:
Answer:$33.45 millionStep-by-step explanation:The transaction increased by 16% between last year and this year.This mean that [tex]S_1=S_0\times{(1+16\%)=S_0\times{1.16}[/tex] ([tex]S_0[/tex] are last year sales and [tex]S_1[/tex] are this year sales. This means that, today's sales are greater than last year sales by a 16%.Then, [tex]S_0=\frac{S_1}{1.16} =33.45[/tex].