In 1985 a company sold a brand of shoes to retailers for a fixed price per pair.
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In 1985 a company sold a brand of shoes to retailers for a fixed price per pair. In 1986 the number of pairs of 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 (in millions) from the sale of the shoes in 1985?
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