SOLUTION: Your assistance please. Here is the question: Enrique puts 12% of his monthly paycheck in an IRA. If he invests $72 in his IRA, how much was his paycheck?

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Question 25862: Your assistance please. Here is the question: Enrique puts 12% of his monthly paycheck in an IRA. If he invests $72 in his IRA, how much was his paycheck?
Found 3 solutions by stanbon, Shin123, MathTherapy:
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Let amount of his paycheck be "x".
The 12%(x)=72
0.12x=72
x=72/0.12
x=$600 (amount of his paycheck)
Cheers,
Stan H.

Answer by Shin123(626) About Me  (Show Source):
You can put this solution on YOUR website!
72=0.12x Assume x=paycheck.
72%2F3=0.12x%2F3
24=0.04x
24%2A25=0.04x%2A25
4920=x
paycheck=4920

Answer by MathTherapy(10551) About Me  (Show Source):
You can put this solution on YOUR website!
Your assistance please. Here is the question: Enrique puts 12% of his monthly paycheck in an IRA. If he invests $72 in his IRA, how much was his paycheck?
Correct answer: $600, calculated as follows:

matrix%281%2C3%2C+.12%2F1%2C+%22=%22%2C+72%2FP%29, with P being the amount of his paycheck

.12P = 72 ------- Cross-multiplying

P, or paycheck = highlight_green%28matrix%281%2C3%2C+72%2F.12%2C+%22=%22%2C+%22%24600%22%29%29

Answers other than this are WRONG, so IGNORE them.