A local grocer cut his marketing budget by 57% last year. He spent only $650 on marketing this year and is happy with his decision. How much did the grocer spend on marketing last year?
I know that the answer is $1511.63, I just need to know the math of how we get that answer.

The market price is the current price at which a good or service can be purchased or sold. The market price of an asset or service is determined by the forces of supply and demand; the price at which quantity supplied equals quantity demanded is the market price.

Given,

let his last year spending is [tex]x[/tex]

He spent $650 this year,

He cut down his budget by 57% last year.

that mean she left with 43%

So,

43% [tex]x[/tex] = 650

[tex]\frac{43}{100}\ x= 650[/tex]

[tex]x=1511.6279[/tex]

Hence, The amount the grocer spend on marketing last year = $ 1511.6279

Learn more about marked price:

https://brainly.com/question/2027650

#SPJ2

A local grocer cut his marketing budget by 57% last year. He spent only $650 on marketing this year and is happy with his decision. How much did the grocer spend on marketing last year? I know that the answer is $1511.63, I just need to know the math of how we get that answer.

Respuesta :

What is market price?

Otras preguntas

A local grocer cut his marketing budget by 57% last year. He spent only $650 on marketing this year and is happy with his decision. How much did the grocer spend on marketing last year?
I know that the answer is $1511.63, I just need to know the math of how we get that answer.