This is one of those made-up math questions that does not present the full problem.
In particular, the 14% has already been rounded. We know this because we do not get an integer answer for the number of people (just wait and see).
So, translate:
"Fourteen percent of the towns population are above the age of 65. If there are about 320 ..."
14/100 * x = 320
Note that "fourteen percent" may be written as 14/100 or 0.14 as needed by the problem.
(14/100)x = 320
x = (320)(100/14) [multiply both sides by (100/14)]
x = 32000/14
x = 2285.714 [I said to look out for this!]
What do we do now? Well, it is wrong to round to the nearest person (because the percent has already been rounded); even books and teachers and tutors miss this point.
If 14% has already been rounded to the nearest percent, then any number from 2207 to 2370 works. For example, 14% (rounded) of 2300 is 320. [that is, 320/2300 = 13.91%, rounded is 14%]
Now, the word "about" 320 makes this approximation a little better, but it is still not appropriate to round the calculation to the nearest whole person. So, watch out!