In 1985 a company sold a brand of shoes to retailers for a fixed price per pair. In 1986 the number of pairs of the shoes that the company sold to 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 1986 was $3.0 million, what was the approximate revenue from the sale of the shoes in 1985 ?	Choose the correct choice from the following options
A) $2.4 million  B) $2.9 million  C) $3.0 million  D) $3.1 million  E) $3.6 million
Let the number of pairs of shoes sold in 1985 = N   let price per pair of shoe sold in 1985 = P   In 1986,number of pairs of shoes sold decreased by 20 % = .8N   Price per pair increased by 20% = 1.2P   Company's revenue from sale of shoes in 1986 = 3 million$   =&gt; .8N * 1.2 P = 3   =&gt;.96 NP = 3   =&gt; NP = 3/.96= 
<gadget id="calculator">3/.96</gadget>
<output>3.125</output>
3.125 million $   Answer $3.1 million
<result>D</result>
In 1985 a company sold a brand of shoes to retailers for a fixed price per pair. In 1986 the number of pairs of the shoes that the company sold to 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 1986 was $3.0 million, what was the approximate revenue from the sale of the shoes in 1985 ?