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?

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?

Answers (1)

2021-02-06
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.
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