Question

It is recommended that you save 12% of your salary for retirement. If I saved $6,600 this year, what was my total salary?

Answer 1

Let x represent the total salary. If the amount saved is $6600 and this is 12% of the total salary, it means that

12% of x = 6600

Recall, percentage is expressed in term of 100. It becomes

12/100 * x = 6600

0.12x = 6600

x = 6600/0.12

x = 55000

The total salary was $55000