Question

Kyle saves 8% of his income for a new car. This year his salary was $2,000 less than in the previous year, and he saved $3,000. What was his salary in the previous year?

Answer 1

let this previous income be x

then 8% of (x-2000) = 3000

or, 8/100*(x-2000) = 3000

or, x - 2000 = 3000/0.08

or, x -2000 = 37500

x = 37500+2000 =39500 is his previous year salary

Explanation: