Question

Your current salary is $42,315.00. If you received a 5% raise last year, what was your salary last year before your raise?

Answer 1

Answer: $40,300

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Work Shown

x = salary before the raise

1.05x = salary after the 5% raise

1.05x = 42315

x = 42315/1.05

x = 40300

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Check:

5% of 40300 = 0.05*40300 = 2015

The salary has gone up by $2015

40300 + 2015 = 42315 is the new salary. The answer is confirmed.

Another way to confirm the answer is to write 1.05*40300 = 42315