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Jim Goodman, an employee at Walgreens earned 35,000 an increase of 17.6% over the previous year. What were Jim’s earnings the previous year? ( round to the nearest cent)

Respuesta :

Last year earnings = X

Present Year earnings = $35,000

Increase = 17.6% = 0.176

[tex]X\cdot(1+0.176)=35000[/tex]

This means, that last year earnings multiply by 1.176 equals the present earnings

If we solve for x:

[tex]x=\frac{35000}{1.176}=29761.90[/tex]

We found that last year Jim used to earn $29,761.90

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