# Calculate total revenue

I need help on this question. Thanks in advance!

my calculation is like this: Percentage difference: 31-27=4

4% = £50,000 100% = £1.25mil

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Given

• (1) $revenue*0.27 = profit$

• (2) $revenue*0.31 = salaries$

• (3) $profit + 50000 = salaries$ (since salaries has higher allocated %)

You can substitute the left side of (3) for $salaries$ in (2), then solve for $profit$:

• $revenue*0.31 = profit + 50000$

• $profit = revenue*0.31 - 50000$

Now, set this and (1) equal to each other and solve for $revenue$

• $revenue*0.31 - 50000 = revenue*0.27$

WolframAlpha says revenue is about 1,250,000

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So what was the percentage difference between profit and salaries that year?

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