SOLUTION: This yea's salary, $50,220, is an 8% increase over last year's salary. What was last years salary?

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Question 415231: This yea's salary, $50,220, is an 8% increase over last year's salary. What was last years salary?
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Let x = last years salary
given:
50220+=+x+%2B+.08x
1.08x+=+50220
x+=+46500
Last years salary was $46,500