## Related questions with answers

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 $74 billion judgment against Philip Morris. If this amount was 94% of this company's 1999 revenue, how much was Philip Morris's 1999 revenue?

Solution

VerifiedStep 1

1 of 2Let $x$ be Philip Morris's 1999 revenue, in billion dollars.

We are given that 94% of Philip Morris's 1999 revenue is equal to $\$74$ billion so:

$0.94x=74$

Divide both sides by 0.94:

$\dfrac{0.94x}{0.94}=\dfrac{74}{0.94}$

$x\approx 78.7$

So, Philip Morris's 1999 revenue is about $\$78.7$ billion.

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