Try the fastest way to create flashcards
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

Verified
Step 1
1 of 2

Let xx be Philip Morris's 1999 revenue, in billion dollars.

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

0.94x=740.94x=74

Divide both sides by 0.94:

0.94x0.94=740.94\dfrac{0.94x}{0.94}=\dfrac{74}{0.94}

x78.7x\approx 78.7

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

Create a free account to view solutions

Create a free 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
College Algebra 12th Edition by Callie Daniels, David I. Schneider, John Hornsby, Margaret L. Lial

College Algebra

12th EditionISBN: 9780134217451Callie Daniels, David I. Schneider, John Hornsby, Margaret L. Lial
6,606 solutions
Algebra and Trigonometry 4th Edition by Lothar Redlin, Stewart, Watson

Algebra and Trigonometry

4th EditionISBN: 9781305071742 (8 more)Lothar Redlin, Stewart, Watson
11,357 solutions
College Algebra and Trigonometry 7th Edition by Richard D. Nation, Richard N. Aufmann, Vernon C. Barker

College Algebra and Trigonometry

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

More related questions

1/4

1/7