Problema Solution
You take a new job that pays 30% more than your previous job and want to plan a daily budget. If you made $56,000 a year at your previous job, approximately how much can you spend a day to break even at the end of the year (without consideration of taxes)?
Answer provided by our tutors
let 'x' represent the amount of money your new job pays, then:
x = 56000 + 56000*0.30
x = 72800
we use 365 to represent the number of days in a year, so then:
72800/365 = 199.45
so you could spend approximately $199.45 per day and break even at the end of the year