Answer:
$1,250
Step-by-step explanation:
We can write a proportion to find the total amount using the information given. A proportion is two equivalent ratios set equal to each other. If 1200 is 4% less than last year, it's 96% of what he raised last year.
[tex]\frac{96}{100}=\frac{1200}{y}[/tex]
We will cross multiply the numerator of one ratio with denominator of the other. And then solve for y.
96(y)=100(1200)
96y=120000
y=1250
