What was the approximate revenue from the sale of the shoes

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Reference no: EM13180028

In 2005, a company sold a brand of shoes to the retailers for a fixed price per pair. In 2006, the number of pairs sold to the retailers decreased by 20 percent, while the price per pair increased by 20 percent. If the company's revenue from the sale of the shoes in 2006 was $3.0 million, what was the approximate revenue from the sale of the shoes in 2005?

Reference no: EM13180028

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