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

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> SOLUTION: This years salary, $50220, is an 8% increase over las years salary, what was last years salary?      Log On


   

Question 883521: This years salary, $50220, is an 8% increase over las years salary, what was last years salary?
Answer by LinnW(1048) About Me  (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