razberry72 razberry72

22-08-2016
Mathematics

Answered

Find last year's salary if, after a

5 % pay raise, this year's salary is

$34,125.

Verified Answer :

Ckaranja Ckaranja

22-08-2016

Let last year's salary be y;
As a percentage, last year's salary was 100%
After a 5 percent raise, the new salary is 105%;
The 105% is equivalent to 34,125;
The older salary was;
=\(\frac{34125*100}{105}\)
= 32,500 dollars

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