If revenues $196,000 from division A of Company X represent 28 percent of the total revenues of Company X for the year, what were the total revenues of Company X for the year?
Show Hint
- $141,100
- $272,000
- $413,300
- $596,100
- $700,000
The Correct Option is
Solution and Explanation
Step 1: Let total revenue be \( x \).
Step 2: \( 28% \) of x = $196,000 .
Step 3: \( 0.28 \times x = 196,000 \).
Step 4: \( x = \frac{196,000}{0.28} = 700,000 \).
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