Wal-Mart vs K-Mart: A Revenue Battle

What were K-Mart's revenues during the period when Wal-Mart's revenues were $48 billion?

Given that Wal-Mart's revenues were $48 billion, we need to find out how much K-Mart earned during this period.

Answer:

K-Mart's revenues were $6.857 billion during this period if Wal-Mart's revenues were $48 billion.

On January 14, 2002, TIME magazine reported that Wal-Mart's 3rd quarter revenues for 2001 were 600% more than its No. 2 competitor, K-Mart. This means that K-Mart's revenues were significantly lower than Wal-Mart's.

To calculate K-Mart's revenues during this period, we can represent the relationship between Wal-Mart's revenues and K-Mart's revenues as follows:

Let X be K-Mart's revenues.

Since Wal-Mart's revenues were $48 billion, we can calculate K-Mart's revenues by considering that they were 600% less than Wal-Mart's:

$48 billion = 100% of Wal-Mart's revenue $X = 600% less than Wal-Mart's revenue $X = (100-600)% * $48 billion $X = -500% * $48 billion $X = -$240 billion

However, K-Mart's revenues cannot be negative. This implies that Wal-Mart's revenues were actually 600% more than K-Mart's revenues:

So, Wal-Mart's revenue = K-Mart's revenue + 600% of K-Mart's revenue $48 billion = K-Mart's revenue + 600% of K-Mart's revenue $48 billion = K-Mart's revenue + 6 * K-Mart's revenue $48 billion = 7 * K-Mart's revenue K-Mart's revenue = $48 billion / 7 K-Mart's revenue = $6.857 billion

Therefore, K-Mart's revenues were $6.857 billion during this period if Wal-Mart's revenues were $48 billion.