Last year, net profits of Herd Inc. were two-sevenths of revenue. If the company declared a dividend

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Last year, net profits of Herd Inc. were two-sevenths of revenue. If the company declared a dividend of $12 800 and five-ninths of the net profit was retained in the company, what was last year’s revenue?
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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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