Solved on Jan 21, 2024

Find the original salary before a 9% raise, given the current salary of $50,031.

STEP 1

Assumptions
1. The current salary is $50,031.00.
2. The raise received last year was 9%.

STEP 2

To find the salary before the raise, we need to consider the current salary as the result of a 9% increase on the previous year's salary. Let's denote the previous year's salary as SS.

STEP 3

The current salary can be expressed as the previous year's salary plus the raise, which is 9% of the previous year's salary.
Currentsalary=S+(9%×S)Current\, salary = S + (9\% \times S)

STEP 4

Convert the percentage to a decimal value.
9%=0.099\% = 0.09

STEP 5

Rewrite the equation using the decimal value for the percentage.
$50,031.00=S+(0.09×S)\$50,031.00 = S + (0.09 \times S)

STEP 6

Factor out SS from the right side of the equation to simplify.
$50,031.00=S(1+0.09)\$50,031.00 = S(1 + 0.09)

STEP 7

Calculate the factor that represents the total percentage of the previous year's salary after the raise.
1+0.09=1.091 + 0.09 = 1.09

STEP 8

Rewrite the equation with the calculated factor.
$50,031.00=S×1.09\$50,031.00 = S \times 1.09

STEP 9

Now, solve for SS by dividing both sides of the equation by 1.09.
S=$50,031.001.09S = \frac{\$50,031.00}{1.09}

STEP 10

Perform the division to find the previous year's salary.
S=$50,031.001.09$45,899.08S = \frac{\$50,031.00}{1.09} \approx \$45,899.08
The salary last year before the raise was approximately $45,899.08.

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