SOLUTION: This years salary, $50220, is an 8% increase over las years salary, what was last years salary?

SOLUTION: This years salary, $50220, is an 8% increase over las years salary, what was last years salary?

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Question 883521: This years salary, $50220, is an 8% increase over las years salary, what was last years salary?
Answer by LinnW(1048) (Show Source): You can put this solution on YOUR website!
let x = last years salary
x + 0.08x = 50220
1.08x = 50220
divide each side by 1.08
x = 50220/1.08 = 46500
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