If Marcy received a 7% raise and is now making $67,500 per year, what was her salary before the raise? Round your answer to the nearest dollar.
1.07x = $67,500
Solve for x.
The answer to your answer would be X=63084.11215
just divide $67,500/1.07 and that is how you would get it.
To find Marcy's salary before the raise, we can use the following equation:
Previous Salary + (Previous Salary * 7%) = $67,500
Let's solve for the previous salary:
1. Convert the raise percentage to decimal form: 7% = 0.07.
2. Rewrite the equation: Previous Salary + (Previous Salary * 0.07) = $67,500.
3. Simplify the equation by combining like terms: 1.07 * Previous Salary = $67,500.
4. Isolate the variable by dividing both sides of the equation by 1.07: Previous Salary = $67,500 / 1.07.
Now we can calculate the previous salary:
Previous Salary = $67,500 / 1.07 ≈ $63,084.11.
Rounding to the nearest dollar, Marcy's salary before the raise was approximately $63,084.