what is 8% of 54,250?

Question

Jim's salary increased to $54,250 after an 8% raise from his previous salary. What is jim's previous salary? 

 

 

So far I have 8%=    part       * 100

                              $54,250

 

 

Answer 1

You are not looking for 8% of 54,250.  What you are looking for is what number, when added to 8% of itself, will give you 54,250.

So the equation will look like this:

 

54,250= x +(.08x)

54,250=1.08x

50,231.48=x

 

The original salary was $50,231.48