SOLUTION: f Gloria received a 4 percent raise and is now making $23,920 a year, what was her salary before the raise? Round to the nearest dollar if necessary. $21,920 $22,963 $24,

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Question 948898: f Gloria received a 4 percent raise and is now making $23,920 a year, what was her salary before the raise? Round to the nearest dollar if necessary.

$21,920
$22,963
$24,000
$23,000
Answer by macston(5194) About Me  (Show Source):
You can put this solution on YOUR website!
After a 4% raise, Gloria is making $23,920, and her current salary is 104% of her original salary:
$23,920/1.04=$23,000 ANSWER: Gloria's original salary was $23,000
So the fourth answer is correct.
CHECK:
Find 4% of original salary and add to original salary to get new salary:
$23,920=(0.04)($23,000)+($23,000)
$23,920=($920)+$23,000)
$23,920=$23,920