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Sales for a business were 3 million dollars more in the second year than the first, and sales for the third year were double the sales for the second year. If sales for the third year were 38 million dollars, what were sales, in million dollars, for the first year.

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Detailed Solution

Concept: Let sales for first year, second year and third year be x, y and z respectively.

We know the value of z. Using this we will find the value of y that is the value of sales for the second year.
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Sales for the second year is 19 million dollars.
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Therefore, sales for the first year are 16 million dollars.
Hence, the correct answer is option 1.

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