Question

Jon received a Job offer that will pay him 12% more than what he makes at his current job. if the salary at the new job is 68,000 what is his current salary? round to the nearest cent

Answer 1

Let Jon's current salary be x;

The salary of new job is 68,000

and the new job pay is 12% more than the current salary, we have;

$\begin{gathered} x+0.12x=68000 \\ 1.12x=68000 \\ x=\frac{68000}{1.12} \\ x=60,714.29 \\ x\cong60,714 \end{gathered}$

Final Answer: The current salary round to the nearest cent is 60,714