SOLUTION: If I am taxed at 20% on my earnings what do I need to earn to buy an item costing £100

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Question 887999: If I am taxed at 20% on my earnings what do I need to earn to buy an item costing £100
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
If I am taxed at 20% on my earnings what do I need to earn to buy an item costing £100
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Let "x" be your earnings.
Equations:
x - 0.20x = L100
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0.80x = L100
x = L100/0.8 = L125
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Cheers,
Stan H.