Try Magic Notes and save time.Try it free
Try Magic Notes and save timeCrush your year with the magic of personalized studying.Try it free
Question

As part of the largest-to-date damage award in a jury trial in history, the penalty handed down against the tobacco industry included a $36 billion dollar judgment against R.J. Reynolds. If this amount was 479% of this company’s 1999 revenue, how much was R.J. Reynolds’ 1999 revenue?

Solution

Verified

To solve for revenue we must divide the value of the fine by the percentage in decimal form. The percentage in decimal form is 479100=4.79\frac{479}{100}=4.79 and thus:

364.79=$7.51 Billion\dfrac{36}{4.79}=\boxed{\$7.51\text{ Billion}}

Create an account to view solutions

Create an account to view solutions

Recommended textbook solutions

College Algebra and Trigonometry 1st Edition by Donna Gerken, Julie Miller

College Algebra and Trigonometry

1st EditionISBN: 9780078035623Donna Gerken, Julie Miller
9,697 solutions
Algebra and Trigonometry 6th Edition by Robert F. Blitzer

Algebra and Trigonometry

6th EditionISBN: 9780134463216Robert F. Blitzer
10,709 solutions
Algebra and Trigonometry 4th Edition by Lothar Redlin, Stewart, Watson

Algebra and Trigonometry

4th EditionISBN: 9781305071742 (6 more)Lothar Redlin, Stewart, Watson
10,996 solutions
College Algebra and Trigonometry 7th Edition by Richard D. Nation, Richard N. Aufmann, Vernon C. Barker

College Algebra and Trigonometry

7th EditionISBN: 9781439048603 (3 more)Richard D. Nation, Richard N. Aufmann, Vernon C. Barker
7,752 solutions

More related questions

1/4

1/7