Problema Solution
Find last year's salary if after a 3% pay raise, this year's salary is $55620
Answer provided by our tutors
Say last year's salary = 100%.
That makes this year's salary (plus 3%) = 103%
Divide $55,620 by 103 and multiply with 100, so
55,620 / 103 = 540
540 * 100 = $54,000