SOLUTION: Enrique puts 12% of his monthly paycheck in an IRA. If he invests $72 in his IRA, how much was his paycheck?

Question 92953: Enrique puts 12% of his monthly paycheck in an IRA. If he invests $72 in his IRA, how much was his paycheck?
Answer by tutorcecilia(2152) (Show Source): You can put this solution on YOUR website!
Enrique puts 12% of his monthly paycheck in an IRA. If he invests $72 in his IRA, how much was his paycheck?
Use the formula for percent:
=
Plug-in the values and solve for the unknown variable (whole)
=
= [Cross-multiply]
7200=(Whole)(12)
=Whole
600=Whole
.
Checking:
(600)(.12)=$72.00

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