After a 5% raise your new salary is $ 63000. Before the raise your salary was??
Help. Please.
1.05x = 63,000
x = ?
60000
To find your salary before the 5% raise, you can follow these steps:
Step 1: Let's assume your salary before the raise is represented by the variable 'x'.
Step 2: The raise you received was 5% of your salary before the raise, so we can calculate it as 0.05 * x.
Step 3: After the raise, your new salary is $63000, so we can write the equation as: x + 0.05 * x = $63000.
Step 4: Simplify the equation: 1.05 * x = $63000.
Step 5: Divide both sides of the equation by 1.05 to isolate 'x': x = $63000 / 1.05.
Now, you can calculate the value of 'x' using a calculator or by performing the division:
x ≈ $60,000.
Therefore, your salary before the 5% raise was approximately $60,000.
To calculate your salary before the 5% raise, we can use the formula:
Before Raise Salary = New Salary / (1 + Percentage Raise)
In this case, the new salary after the 5% raise is $63,000.
So, substituting the values into the formula:
Before Raise Salary = $63,000 / (1 + 0.05)
Calculating this expression:
Before Raise Salary = $63,000 / 1.05
Before Raise Salary ≈ $60,000
Therefore, your salary before the 5% raise was approximately $60,000.