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? Equations and inequalities ANSWERED asked 2021-02-05 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?
Let x be Philip Morris's 1999 revenue, in billion dollars. We are given that 94% of Philip Morris's 1999 revenue is equal to $75 billion so: 0.94x=74 Divide both sides by 0.94: $$\displaystyle{0.94}\frac{{x}}{{0.94}}=\frac{{74}}{{0.94}}$$ x~78.7 So, Philip Morris's 1999 revenue is about$78.7 billion.