Question

Paul received a bonus of $750, which was 5% of his annual salary. His annual salary is a. A$37,500 b. $25,000 c. $22,500 d. $15,000 e. $7,500

Answer 1

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Answer:

d. $15,000

Explanation:

If A is Paul's annual salary, the bonus is ...

0.05A = $750

A = $750/0.05 = $15,000

Paul's annual salary is $15,000.