I'm having great differcultly finding the logic behinde this question. Can some one please explain how i'm meant to come to an answer?
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Originally Posted by run_run_3 I'm having great differcultly finding the logic behinde this question. Can some one please explain how i'm meant to come to an answer? If IKO Inc's turnover is 7% below last years value then the actual value is (100-7)% of last years value. Let the last years value be x: $\displaystyle 93\% \cdot x = 7.3~\iff~ 0.93 \cdot x = 7.3~\implies x \approx 7.84946..$
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