Answer:
$56,049,800.
Step-by-step explanation:
Let x represent last year's cost.
We have been given that this year publishing costs are 12.4% more than last year. So the publishing costs this year would be x plus 12.4% of x.
We are also told that this year cost is $63 million.
1 million = 1,000,000
63 million = 63,000,000.
We can represent this information in an equation as:
[tex]x+\frac{12.4}{100}x=63,000,000[/tex]
[tex]x+0.124x=63,000,000[/tex]
[tex]1.124x=63,000,000[/tex]
[tex]\frac{1.124x}{1.124}=\frac{63,000,000}{1.124}[/tex]
[tex]x=56,049,822.064[/tex]
Round to nearest hundreds:
[tex]x\approx 56,049,800[/tex]
Therefore, it cost $56,049,800 publishers last year.
