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.