SOLUTION: In 2011, Jim Goodman, an employee at Walgreens, earned $40,000, an increase of 6.00% over the previous year. What were Jim’s earnings in 2010?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: In 2011, Jim Goodman, an employee at Walgreens, earned $40,000, an increase of 6.00% over the previous year. What were Jim’s earnings in 2010?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 790468: In 2011, Jim Goodman, an employee at Walgreens, earned $40,000, an increase of 6.00% over the previous year. What were Jim’s earnings in 2010?
Answer by Cromlix(4381) About Me  (Show Source):
You can put this solution on YOUR website!
106% = $40,000
1% = 40,000/106
= $377.36
100% = $377.36 * 100
= $37735.85
Jim's earnings in 2010
Hope this helps.
;-)